Modelling of Impacts of the Agricultural Sector on the National Economy of the Czech Republic

Rural Areas and Development, vol. 13, ISSN: 2657-4403, 2016

12 Pages Posted: 17 Dec 2020

See all articles by Ondrej Chaloupka

Ondrej Chaloupka

Institute of Agricultural Economics and Information

Ivan Foltýn

Institute of Agricultural Economics and Information

Date Written: 2016

Abstract

Continuous efforts to predict what is the most likely development and importance of the agricultural sector are being made in the long-term perspective. To this end, EAA prediction models (SZU-P1 and SZU-P2) were constructed, and coupled with a model that describes the importance and linkages of the agricultural sector to other sectors within the national economy of the Czech Republic (HDP-1 model). The models described below can be used for measuring and simulation of impacts of the agricultural sector with downstream and upstream industries on the Czech GDP, but also monitoring flows and linkages of the total agri-food industry complex on the national economy.

Keywords: Economic Accounts for Agriculture (EAA), National Economy, Intersectional Balances, GDP, HDP-1 Model, Leontieff’s Matrix, Input-Output Matrix, Predictions

Suggested Citation

Chaloupka, Ondrej and Foltýn, Ivan, Modelling of Impacts of the Agricultural Sector on the National Economy of the Czech Republic (2016). Rural Areas and Development, vol. 13, ISSN: 2657-4403, 2016, Available at SSRN: https://ssrn.com/abstract=3715338

Ondrej Chaloupka (Contact Author)

Institute of Agricultural Economics and Information ( email )

Mánesova 1453/75
120 00 Praha 2
Czech Republic

Ivan Foltýn

Institute of Agricultural Economics and Information ( email )

Mánesova 1453/75
120 00 Praha 2
Czech Republic

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