Causality of the relationship between wheat prices and economic conditions - an evidence for sustainable development
Bibliographic Data
| ID | 13023787 |
|---|---|
| Authors | Grzegorz Przekota (0000-0002-9173-2658, Koszalin University of Technology, corresponding author), Anna Szczepańska-Przekota (0000-0002-4002-5072, Koszalin University of Technology), Grzegorz Mentel (0000-0002-6371-1219, Rzeszów University of Technology), Urszula Mentel (0000-0003-2060-8980, Rzeszów University of Technology), Vytautas Snieška (0000-0001-8777-273X, Kaunas University of Technology) |
| Year | 2020 |
| Volume | 13 |
| Issue | 3 |
| Pages | 161-179 |
| Publication date | 2020-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | JOURNAL OF INTERNATIONAL STUDIES (JOURNAL) |
| Journal identifiers | ISSN: 2071-8330 • E-ISSN: 2306-3483 |
| Publisher | Centre of Sociological Research, NGO (PUBLISHER) |
| DOI | 10.14254/2071-8330.2020/13-3/11 |
| OpenAlex | W3162017398 |
| Language | EN |
| References cited | 3 |
Changes that are occurring in economic activities over time are the subject of interest for many economists. One of the primary goals of economics is to understand their causes. Nowadays, there is a prevailing view that economy is subject to certain fluctuations, that is disturbances in the long-term growth, which develop at irregular intervals and which are of an irregular force, and cause changes in the functioning of the entire economy Fluctuations on agricultural markets may take place in fashion similar to the fluctuations in the entire economy. The essence of the agricultural and, more broadly, food market is manifested in the fact that it is responsible for satisfying basic human needs, which is of strategic importance. Therefore, much attention is paid to these markets not only in the economic growth but also in the political sphere. Therefore, the question concerning causal relationship between the economic situation of a state and the economic conditions on the agricultural market seems to be a logical one. Since agricultural markets constitute a significant part of economy, those risk factors that influence the agricultural markets have the impact on entire economy. The main concern is determination of the direction and the force behind the variability transfer. A reciprocal direction of the dependence can be justified quite easily as, on the one hand, good conditions on agricultural markets mean an increase of production profitability, and this may be an impulse for the global production growth; and on the other one, a global growth of incomes may contribute to the increasing demand for agricultural produce and thereby to the improved conditions in this market. The links between a relatively small but strategic sector and the economy as a whole are of particular interest. Comparative research between different countries can provide valuable insights in economic knowledge and economic policy. The position of agriculture within the economy seems more important in developing countries than in the developed ones
Biology · Causality (physics · Economics · Monetary economics · Natural resource economics · Sustainable development · Agricultural economics and policies · Global Trade and Competitiveness · Ecology
| Highly cited | No |
|---|