Impacts of Foreign Trade on the Economy of Wood-Based Sectors Generating Different Levels of Value Added in the Slovak and Czech Republics

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43410%2F23%3A43923656" target="_blank" >RIV/62156489:43410/23:43923656 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.3390/f14051029" target="_blank" >https://doi.org/10.3390/f14051029</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.3390/f14051029" target="_blank" >10.3390/f14051029</a>

Result language

angličtina

Original language name

Impacts of Foreign Trade on the Economy of Wood-Based Sectors Generating Different Levels of Value Added in the Slovak and Czech Republics

Original language description

Foreign trade belongs among the main sources of economic growth as classical theories of international trade affirm. The aim of the paper is to evaluate the impact of trade balance flows on sectors generating different value-added in the wood-based industries (WBI) of the Czech and Slovak Republics. The multivariate regression method (MLR) was applied to identify the relationship between foreign trade and economic indicators and also specific indicators assessing impacts of foreign trade on the economy of wood-based industries. The results showed that the performance of high value-added production is only slightly affected by foreign trade. It means that both monitored countries do not utilize raw wood so intensively that the positive effects of foreign trade are manifested. Growth in net exports represents a positive influence on the economy of the sector regardless of the value-added rate only if the increase in imports is smaller than in exports. The contribution of the study to existing knowledge is in using specific indicators evaluating trade impacts on the industry&apos;s economy. The article provides new empirical insights into the influence of foreign trade balance flows on the economy of wood-based sectors with a different value-added rate.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

40500 - Other agricultural sciences

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Forests

ISSN

1999-4907

e-ISSN

1999-4907

Volume of the periodical

14

Issue of the periodical within the volume

5

Country of publishing house

CH - SWITZERLAND

Number of pages

21

Pages from-to

1029

UT code for WoS article

000997423600001

EID of the result in the Scopus database

2-s2.0-85160681421