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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

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

Popis výsledku anglicky

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

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

GA - Zemědělská ekonomie

OECD FORD obor

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Projekt

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Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2009

Kód důvěrnosti údajů

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

Název periodika

Scientia Agriculturae Bohemica

ISSN

1211-3174

e-ISSN

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Svazek periodika

40

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

12

Strana od-do

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Kód UT WoS článku

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EID výsledku v databázi Scopus

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