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

Kód výsledku v 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>

Výsledek na webu

<a href="https://mme2024.ujep.cz/" target="_blank" >https://mme2024.ujep.cz/</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of the 42nd International Conference on Mathematical Methods in Economics

ISBN

9788075614827

ISSN

2788-3965

e-ISSN

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Počet stran výsledku

6

Strana od-do

189-194

Název nakladatele

The Czech Society for Operations Research

Místo vydání

Praha

Místo konání akce

Jan Evangelista Purkyně University Ústí nad Labe

Datum konání akce

11. 9. 2024

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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