Agriculture and Food Sector in Slovakia and Czech Republic

Abstract

The input-output analysis is based on the analysis of the various multipliers. Together with the analysis of the coefficients of intermediate production it allows to evaluate the structure of the economy, the impacts of changing demand in various sectors in national economy. IOT framework also offers a very detailed image of intersectorial economic linkages, either backward or forward oriented. It helps to understand the impacts of the changing structure of the national economy. The aim of this paper is to look closely at the evolution of two selected industries (agriculture and food production) in Slovak and Czech Republic over the period 2000-2014. We compared the evolution of technical, allocation and import coefficients as well as output, input and import multipliers in case of these two industries in order to verify the similarities in their development.