Modelling of price and income effects on Ukraine’s agricultural export growth

• Autorzy: Shevchuk V.
• Języki publikacji: EN

Abstrakty

EN

Using monthly data for the 2001─2013 period, this paper applies Error- Correction Model (ECM) to estimate export demand effects for Ukraine’s agricultural commodities and foodstuffs. According to our results, the long-run exchange rate sensitivity of export demand seems to be rather weak, whereas the domestic income effect is high enough across all four groups: (i) meat, fish and dairy products; (ii) wheat and vegetables; (iii) vegetable oil and (iv) foodstuffs. No evidence is found of the long-term relationship between agricultural exports and foreign trade-partner industrial output. However, both exchange rate and foreign output are established to strongly affect the demand for agricultural exports in the short-run. Also, there is evidence of a speedy short-run adjustment for all groups of agricultural exports to their long-run relationships.

Słowa kluczowe

EN

agricultural exports; error-correction model; exchange rate effects; price and income effects

PL

eksport rolny; model korekty błędów; efekt zmiany kursu

• Wydawca: Wydawnictwo Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie
• Czasopismo: Information Systems in Management
• Rocznik: 2013
• Tom: Vol. 2, No. 3
• Strony: 214--226
• Opis fizyczny: Bibliogr. 22 poz., tab., wykr.

Twórcy

autor

Shevchuk V.

• Institute of Economics, Sociology and Philosophy, Cracow University of Technology

Bibliografia

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