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Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, 2020 |
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Kuts T., Makarchuk O. Ukrainian Sunflower Market on the Background of EU and US Markets
Autor | Tetyana Kuts, Oksana Makarchuk |
Tytuł | Ukrainian Sunflower Market on the Background of EU and US Markets |
Title | Ukrainian Sunflower Market on the Background of EU and US Markets |
Słowa kluczowe | market integration, Ukraine, European Union, United States, sunflower oil market |
Key words | market integration, Ukraine, European Union, United States, sunflower oil market |
Abstrakt | This paper aims to provide market analysis of the sunflower market in Ukraine (UA) and research the existence of integration between the sunflower oil markets in Ukraine, the European Union (EU) and the United States (US). To fulfill the aims in the paper, yearly balances of sunflower seed, sunflower oil and sunflower cake were analyzed and price analysis was conducted. Price integration was assessed with the use of the error correction model (ECM) which was applied to monthly prices for sunflower oil from 2000 to 2020. Our findings provide evidence of high price transmission between the UA and EU markets, conversely lower price transmission was observed between the UA and the US. |
Abstract | This paper aims to provide market analysis of the sunflower market in Ukraine (UA) and research the existence of integration between the sunflower oil markets in Ukraine, the European Union (EU) and the United States (US). To fulfill the aims in the paper, yearly balances of sunflower seed, sunflower oil and sunflower cake were analyzed and price analysis was conducted. Price integration was assessed with the use of the error correction model (ECM) which was applied to monthly prices for sunflower oil from 2000 to 2020. Our findings provide evidence of high price transmission between the UA and EU markets, conversely lower price transmission was observed between the UA and the US. |
Cytowanie | Kuts T., Makarchuk O. (2020) Ukrainian Sunflower Market on the Background of EU and US Markets .Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 20(35), z. 3: 4-15 |
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Pełny tekst | PRS_2020_T20(35)_n3_s4.pdf |
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Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, 2020 |
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Parlinska A., Toktaş Y. The Impact of the Real Effective Exchange Rate on Poland’s Food and Live Animal Exports
Autor | Agnieszka Parlinska, Yılmaz Toktaş |
Tytuł | The Impact of the Real Effective Exchange Rate on Poland’s Food and Live Animal Exports |
Title | The Impact of the Real Effective Exchange Rate on Poland’s Food and Live Animal Exports |
Słowa kluczowe | exchange rate, ARDL bounds test analysis, time series analysis, food and live animal exports, cointegration |
Key words | exchange rate, ARDL bounds test analysis, time series analysis, food and live animal exports, cointegration |
Abstrakt | In this study, for the 2012M1-2020M1 period, the relationship between Poland’s real effective exchange rate and its food and animal exports were examined by the bounds test. The stationary analyses of variables were examined by the ADF and PP tests. According to the results of a cointegration test, a cointegration relation among the real effective exchange rate, food and live animal exports, as well as industrial production was determined. It was also concluded that the real effective exchange rate has a long-term negative impact on Poland's food and live animal exports. This research also established that a 1% increase in the real effective exchange rate in the long-term would decrease Poland's food and animal exports by 3.091%. Also, industrial production has a positive impact on Poland’s food and animal exports, as expected. It was determined that a 1% increase in industrial production would increase Poland’s food and animal exports by 2.803%. On the other hand, the error correction term coefficient was found to be -0.119, indicating that 11% of the imbalance in the short-term will be recovered in the next period. |
Abstract | In this study, for the 2012M1-2020M1 period, the relationship between Poland’s real effective exchange rate and its food and animal exports were examined by the bounds test. The stationary analyses of variables were examined by the ADF and PP tests. According to the results of a cointegration test, a cointegration relation among the real effective exchange rate, food and live animal exports, as well as industrial production was determined. It was also concluded that the real effective exchange rate has a long-term negative impact on Poland's food and live animal exports. This research also established that a 1% increase in the real effective exchange rate in the long-term would decrease Poland's food and animal exports by 3.091%. Also, industrial production has a positive impact on Poland’s food and animal exports, as expected. It was determined that a 1% increase in industrial production would increase Poland’s food and animal exports by 2.803%. On the other hand, the error correction term coefficient was found to be -0.119, indicating that 11% of the imbalance in the short-term will be recovered in the next period. |
Cytowanie | Parlinska A., Toktaş Y. (2020) The Impact of the Real Effective Exchange Rate on Poland’s Food and Live Animal Exports.Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 20(35), z. 4: 47-57 |
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Pełny tekst | PRS_2020_T20(35)_n4_s47.pdf |
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Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, 2019 |
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Hamulczuk M., Makarchuk O., Sica E. Price Behaviour and Market Integration: Preliminary Evidencefrom the Ukrainian and European Union Rapeseed Markets
Autor | Mariusz Hamulczuk, Oksana Makarchuk, Edgardo Sica |
Tytuł | Price Behaviour and Market Integration: Preliminary Evidencefrom the Ukrainian and European Union Rapeseed Markets |
Title | Price Behaviour and Market Integration: Preliminary Evidencefrom the Ukrainian and European Union Rapeseed Markets |
Słowa kluczowe | price behavior, horizontal market integration, Ukraine, European Union, rapeseed market |
Key words | price behavior, horizontal market integration, Ukraine, European Union, rapeseed market |
Abstrakt | This paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using yearly trade flows between the UA and EU, whereas price co-movement was assessed by means of linear vector error correction model (VECM) applied to weekly prices for rapeseed from 2008 to 2018. Our findings provide evidence of strong integration between the UA and EU markets in terms of the trade of rapeseeds, rape cake, and rape oil, as well as high horizontal rapeseed price transmission between the two economies. |
Abstract | This paper aims to provide preliminary evidence about the existence of horizontal integration between the rapeseed markets in Ukraine (UA) and the European Union (EU). To this end, both a trade analysis and a price analysis were carried out. In particular, the trade analysis was performed using yearly trade flows between the UA and EU, whereas price co-movement was assessed by means of linear vector error correction model (VECM) applied to weekly prices for rapeseed from 2008 to 2018. Our findings provide evidence of strong integration between the UA and EU markets in terms of the trade of rapeseeds, rape cake, and rape oil, as well as high horizontal rapeseed price transmission between the two economies. |
Cytowanie | Hamulczuk M., Makarchuk O., Sica E. (2019) Price Behaviour and Market Integration: Preliminary Evidencefrom the Ukrainian and European Union Rapeseed Markets.Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 19(34), z. 1: 47-58 |
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Pełny tekst | PRS_2019_T19(34)_n1_s47.pdf |
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Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, 2018 |
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Pietrych Ł., Wasilewska E. Starzenie się społeczeństwa a wzrost gospodarczy w krajach Unii Europejskiej
Autor | Łukasz Pietrych, Ewa Wasilewska |
Tytuł | Starzenie się społeczeństwa a wzrost gospodarczy w krajach Unii Europejskiej |
Title | Demographical Ageing and Economic Growth in the UE Countries |
Słowa kluczowe | starzenie się ludności, wzrost gospodarczy, Unia Europejska, modele panelowe |
Key words | demographical ageing, economic growth, European Union, panel models |
Abstrakt | Z uwagi na wciąż pogłębiający się proces demograficznego starzenia się ludności i znaczenie skutków tego procesu dla gospodarki, w artykule poddano analizie relację pomiędzy starzeniem się społeczeństwa krajów Unii Europejskiej a wzrostem gospodarczym. Celem podjętych badań była próba określenia wpływu starzenia się społeczeństwa na dynamikę wzrostu gospodarczego w krajach UE 27. Okres badań obejmował lata 1996-2016, dane pochodziły z bazy Eurostatu oraz Banku Światowego. Na potrzeby badań uwzględniono podział na kraje „starej” Unii i „nowej” Unii. Za miarę wzrostu gospodarczego przyjęto tempo wzrostu PKB, natomiast uwzględnionymi miarami starości demograficznej były stopa starości (odsetek osób w wieku 65+ w populacji) oraz współczynnik sędziwej starości (odsetek osób w wieku 80+ w populacji). Wykorzystano modele panelowe. Stwierdzono, że demograficzne starzenie się społeczeństwa ujemnie koreluje z dynamiką wzrostu gospodarczego. W skonstruowanych modelach panelowych dla krajów „starej” Unii współczynniki regresji odpowiadające stopie starości i współczynnikowi sędziwej starości wynosiły odpowiednio: –0,446 oraz –1,521, podczas gdy dla krajów „nowej” Unii były równe: –0,153 (dla stopy starości) oraz –0,980 (dla współczynnika sędziwej starości). Oznacza to, że negatywny wpływ starzenia się ludności na tempo wzrostu PKB jest silniejszy w krajach „starej” Unii w porównaniu z krajami „nowej” Unii. |
Abstract | Due to the still growing demographic aging process and the significance of this process on the economy, the article analyzes relationship between the demographic aging of the European Union countries and economic growth. The aim of the research was to determine the impact of demographic aging on the rate of economic growth in the EU27. The research period covered the years 2000-2015. Data from the Eurostat and the World Bank databases were used. The study adopted a division into the “old” and “new” EU Member States. The rate of GDP growth was taken as the measure of economic growth, while the measures of demographic aging included the old-age rate (percentage of population aged 65 or over) and the venerable senility rate (share of the population at the age of 80 or more in the general number of population). Panel models were used. It was found that the demographical aging of society negatively correlates with the dynamics of economic growth. In panel models constructed for countries of the "old" Union, regression coefficients for the old-age rate and the venerable senility rate were respectively: –0,446 and –1,521, while for the "new" EU countries were equal to: –0,153 (for the old-age rate) and –0,980 (for the venerable senility rate). This means that the negative impact of demographic aging on the GDP growth rate is more strongly observed in the countries of the "old" Union in comparison with the countries of the "new" Union. |
Cytowanie | Pietrych Ł., Wasilewska E. (2018) Starzenie się społeczeństwa a wzrost gospodarczy w krajach Unii Europejskiej.Zeszyty Naukowe SGGW w Warszawie - Problemy Rolnictwa Światowego, t. 18(33), z. 4: 481-492 |
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Pełny tekst | PRS_2018_T18(33)_n4_s481.pdf |
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