Effects of Foreign Trade on the Economic Performance of Industries—Evidence from Wood Processing Industry of Czechia and Slovakia

Effects of Foreign Trade on the Economic Performance of Industries—Evidence from Wood Processing Industry of Czechia and Slovakia

As was first stressed by the classical economists Adam Smith and David Ricardo, international trade plays a crucial role in the growth process. The paper aims to analyze the influence of foreign trade on economic performance in the wood processing industry (WPI) of Czechia and Slovakia. The multivar...

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Bibliographic Details
Main Authors: Andrea Sujová, Ľubica Simanová, Václav Kupčák, Jarmila Schmidtová, Adriana Lukáčiková
Format: Article
Language:English
Published: MDPI AG 2021-11-01
Series:Economies
Subjects:
contribution of foreign trade
economic performance
Granger causality
multivariate regression
net export
value added rate
Online Access:https://www.mdpi.com/2227-7099/9/4/180

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