INTEGRATION OF THE SLOVAK AND EUROPEAN WHEAT MARKET
INTEGRATION OF THE SLOVAK AND EUROPEAN WHEAT MARKET
Author(s): Artan Qineti, Ema LazorčákováSubject(s): Supranational / Global Economy, Agriculture, Economic development, EU-Accession / EU-DEvelopment
Published by: Univerzita J. Selyeho, Fakulta ekonómie a informatiky
Keywords: wheat market; wheat trade; price cointegration; Slovakia; European Union (EU);
Summary/Abstract: Slovak agricultural markets became a part of the European Union’s markets in May 2004, when Slovakia joined the EU. The paper aims to analyse the integration of the Slovak and European agricultural market in the case of the most important cereal crop – wheat. It studies two dimensions of market integration: foreign trade and price relations. The results show that EU countries are the most important trade partners for Slovakia with exports to the EU achieving up to 61% of domestic wheat production. The same pattern in the development of Slovak and EU (French) wheat prices has been revealed what indicates the cointegration of the Slovak and European wheat market.
Journal: Acta Oeconomica Universitatis Selye
- Issue Year: 9/2020
- Issue No: 2
- Page Range: 81-92
- Page Count: 12
- Language: English