Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development
This paper investigates the relationship between oil, gold and steel prices observed over a period of ten years with the aim of presenting their situation and trends using statistical methods and time series over a longer period of time and their impact on agricultural development. The high share of...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
2022-01-01
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| Series: | Ekonomika Poljoprivrede (1979) |
| Subjects: | |
| Online Access: | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203713J.pdf |
| _version_ | 1811324406701490176 |
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| author | Jeremić Dejan Stanojević Slobodan Mihajlović Milan Ivanova Biljana Kostić Radan Marjanović Nataša |
| author_facet | Jeremić Dejan Stanojević Slobodan Mihajlović Milan Ivanova Biljana Kostić Radan Marjanović Nataša |
| author_sort | Jeremić Dejan |
| collection | DOAJ |
| description | This paper investigates the relationship between oil, gold and steel prices observed over a period of ten years with the aim of presenting their situation and trends using statistical methods and time series over a longer period of time and their impact on agricultural development. The high share of agriculture in the basic macroeconomic aggregates of the Republic of Serbia conditions that agriculture has a significant role in the foreign trade of the Republic of Serbia, especially in exports. The negative trend of rising fuel prices per farmer reduces the average fuel consumption per hectare. Also, the growth of the price of steel is conditioned by the growth of the prices of agricultural machinery. |
| first_indexed | 2024-04-13T14:13:43Z |
| format | Article |
| id | doaj.art-e0e79a965ae743b59ef6ff19e1591dd4 |
| institution | Directory Open Access Journal |
| issn | 0352-3462 2334-8453 |
| language | English |
| last_indexed | 2024-04-13T14:13:43Z |
| publishDate | 2022-01-01 |
| publisher | Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt |
| record_format | Article |
| series | Ekonomika Poljoprivrede (1979) |
| spelling | doaj.art-e0e79a965ae743b59ef6ff19e1591dd42022-12-22T02:43:44ZengNaučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, BukureštEkonomika Poljoprivrede (1979)0352-34622334-84532022-01-0169371373110.5937/ekoPolj2203713J0352-34622203713JCorrelation analysis of the crude oil, gold and steel prices for the purpose of agricultural developmentJeremić Dejan0https://orcid.org/0000-0001-9089-9467Stanojević Slobodan1https://orcid.org/0000-0002-1845-7119Mihajlović Milan2https://orcid.org/0000-0001-7949-2631Ivanova Biljana3https://orcid.org/0000-0002-4722-770XKostić Radan4https://orcid.org/0000-0002-1642-1278Marjanović Nataša5https://orcid.org/0000-0003-3791-5135Sequester Employment, Belgrade, SerbiaFaculty of Applied Management, Economics and Finance, Belgrade, SerbiaUniversity of Defence, Military Academy, Belgrade, SerbiaUniversity of Defence, Military Academy, Belgrade, SerbiaUniversity of Defence, Military Academy, Belgrade, SerbiaBusiness School of Vocational Studies, Belgrade, SerbiaThis paper investigates the relationship between oil, gold and steel prices observed over a period of ten years with the aim of presenting their situation and trends using statistical methods and time series over a longer period of time and their impact on agricultural development. The high share of agriculture in the basic macroeconomic aggregates of the Republic of Serbia conditions that agriculture has a significant role in the foreign trade of the Republic of Serbia, especially in exports. The negative trend of rising fuel prices per farmer reduces the average fuel consumption per hectare. Also, the growth of the price of steel is conditioned by the growth of the prices of agricultural machinery.https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203713J.pdfoil pricegold pricesteel pricecorrelationagriculture |
| spellingShingle | Jeremić Dejan Stanojević Slobodan Mihajlović Milan Ivanova Biljana Kostić Radan Marjanović Nataša Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development Ekonomika Poljoprivrede (1979) oil price gold price steel price correlation agriculture |
| title | Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development |
| title_full | Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development |
| title_fullStr | Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development |
| title_full_unstemmed | Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development |
| title_short | Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development |
| title_sort | correlation analysis of the crude oil gold and steel prices for the purpose of agricultural development |
| topic | oil price gold price steel price correlation agriculture |
| url | https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203713J.pdf |
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