Economic Growth and Agricultural Sector Dynamics in the Visegrad Group: A Panel Analysis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F24%3AA0000483" target="_blank" >RIV/47813059:19520/24:A0000483 - isvavai.cz</a>
Result on the web
<a href="https://mme2024.ujep.cz/" target="_blank" >https://mme2024.ujep.cz/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Economic Growth and Agricultural Sector Dynamics in the Visegrad Group: A Panel Analysis
Original language description
This empirical investigation analyzes the interplay between employment in the agricultural sector, food production index, and economic growth within the Visegrad Group. Utilizing panel analysis, the study investigates annual time series data spanning from 2005 to 2023. Employing panel data analysis and the Autoregressive Distributed Lag (ARDL) model, the study aims to clarify the research objectives. Findings reveal that, in the short and long terms, the food production index significantly impacts economic growth. Specifically, an increase in the food production index correlates with boosted economic growth. Conversely, a decline in the agricultural sector labor force tends to spur economic growth. The agricultural sector continues to be a vital pillar of economic growth in the Visegrad Group. Understanding the dynamics, challenges, and opportunities within this sector is essential for policymakers, stakeholders, and investors to formulate strategies that promote sustainable development across the countries.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 42nd International Conference on Mathematical Methods in Economics
ISBN
9788075614827
ISSN
2788-3965
e-ISSN
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Number of pages
6
Pages from-to
189-194
Publisher name
The Czech Society for Operations Research
Place of publication
Praha
Event location
Jan Evangelista Purkyně University Ústí nad Labe
Event date
Sep 11, 2024
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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