EFFECT OF SOARING WORLD CEREAL PRICES ON THE CZECH ECONOMY (WITH USE OF GENERAL EQUILIBRIUM APPROACH)

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F09%3A29396" target="_blank" >RIV/60460709:41110/09:29396 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
EFFECT OF SOARING WORLD CEREAL PRICES ON THE CZECH ECONOMY (WITH USE OF GENERAL EQUILIBRIUM APPROACH)
Original language description
In connection to an outstanding growth of cereal prices in the world commodity markets observed in recent periods, the impact of such exogenous shocks on the economy gains increasing importance. This is especially the case of the Czech Republic, which asa relatively small country performs a role of a price taker. In view of this, the aim of this paper is to estimate possible impacts of cereal world price development on the Czech economy and to interpret the resulting changes with the use of the generalequilibrium approach. Based on a long term development of wheat prices, three scenarios were analyzed considering prices under and above the threshold level of 200 USD/t. The findings show that with increasing world prices of wheat, producers of wheat are facing advantages compared to other producers and they considerably increase the volume of exports. However, the impact of external price effects on the other sectors of the economy is negative. The simulation results show that an incr
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
GA - Agricultural economics
OECD FORD branch
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Project
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Continuities
Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2009
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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