D 2024

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

KRKOŠKOVÁ, Radmila, Zuzana NENIČKOVÁ and Lucie WALECZEK ZOTYKOVÁ

Basic information

Original name

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

Authors

KRKOŠKOVÁ, Radmila (203 Czech Republic, guarantor, belonging to the institution), Zuzana NENIČKOVÁ (203 Czech Republic, belonging to the institution) and Lucie WALECZEK ZOTYKOVÁ (203 Czech Republic, belonging to the institution)

Edition

Praha, Proceedings of the 42nd International Conference on Mathematical Methods in Economics, p. 189-194, 6 pp. 2024

Publisher

The Czech Society for Operations Research

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

References:

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7561-482-7

ISSN

Keywords in English

agricultural; ARDL; economic growth; food production index; panel analysis
Změněno: 23/11/2024 09:34, Mgr. Radmila Krkošková, Ph.D.

Abstract

V originále

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.