Financial position of Hungarian agricultural companies before, during, and after the global financial crisis

Fáró, Jenő; Lakatos, Maria; Karai, Éva

doi:10.5937/sjem2001029f

Cited by 2 publications

(1 citation statement)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This impact was even higher at the producer level, they have suffered 11.47% (Romania) -32.02% (Lithuania) price decline from 2008 to 2009 in the new member states [28]. Analyzing the financial impacts of this crisis at producer level, micro and small-sized farmers were hit the most [29]. The second case was caused by the EU sanctions against the Russian Federation.…”

Section: Hungarian Agri-food Trade Performancementioning

confidence: 99%

The Performance of the Agri-food Sector in the Recent Economic Crisis and during Covid-19 Pandemic

Mizik

2021

HighTech. Innov. J.

View full text Add to dashboard Cite

Crises impact every sector of the economy; however, the magnitude of that impact varies between the different sectors. The agri-food sector-related lessons learned from the last two crises (global financial crisis in 2008, and the sanctions against Russia in 2014) are that international trade becomes lower and commodity prices rise. This article analyzes the performance of the Hungarian agri-food sector during the last three crises based on international and Hungarian datasets. The results show that impacts depend on many factors, such as the type of the agri-food products (raw material vs. processed product, perishable vs. non-perishable goods, etc.) or the depth of trade integration. It should be noted that Hungary is heavily integrated into the EU’s common market, its major trade partners are the other member states. At the commodity level, the share of raw materials is higher on the export side (e.g. cereals) compared to the import side (e.g. meat products). Based on the results, the impacts of the COVID-19 pandemic were different from the two previous crises. Despite the difficulties in transport, Hungarian exportation expanded and resulted in an increasing trade surplus, while international commodity prices remained stable. The identification of the different impacts of the coronavirus compared to the other two crises is the major finding of the article. Doi: 10.28991/HIJ-2021-02-03-02 Full Text: PDF

show abstract

Section: Hungarian Agri-food Trade Performancementioning

confidence: 99%

The Performance of the Agri-food Sector in the Recent Economic Crisis and during Covid-19 Pandemic

Mizik

2021

HighTech. Innov. J.

View full text Add to dashboard Cite

show abstract

Competitiveness and Innovations in Foreign Trade: a Case of Apples from Slovakia to Czechia

Brodňanová

Ровны

Moroz

2022

MMI

View full text Add to dashboard Cite

Competitiveness and innovation are critical elements for enhancing and developing successful and mutually beneficial foreign trade. This paper deals with the concept of competitiveness at the sectoral level, narrowing it down to agriculture and food production. It focuses on the apple market and compares the competitiveness in this sector from 2004 to 2020. Specifically, the research concentrates on the case of apple trading between Czechia and Slovakia just after both countries joined the EU in 2004. It becomes clear that the ability to compete in international and domestic markets depends on comparative advantages. Therefore, the business data is used to better understand comparative advantages by using business-based measures of competitiveness for the agri-food sector in Slovakia. The data used in this article originate from the Statistical Office of the European Communities (Eurostat). This research aims to identify changes in the foreign trade of apples (080810) in Slovakia and Czechia for the last sixteen years. The agricultural trade development after the accession of Slovakia and Czechia to the EU could show positive and negative trends. Both for Slovakia and Czechia, the production of apples does not cover consumption. Therefore, importing this commodity to both countries is necessary, and the benefits from foreign trade are desirable. The study findings showed that both countries do not achieve a comparative advantage in the apple trade. Therefore, more innovations might be required to enhance competitiveness and saturate both countries' markets with apples. Relevant stakeholders and policy-makers should take the required steps to improve the situation and enhance competitiveness in this market to increase the outcomes and benefits for both countries.

show abstract

Financial position of Hungarian agricultural companies before, during, and after the global financial crisis

Cited by 2 publications

References 10 publications

The Performance of the Agri-food Sector in the Recent Economic Crisis and during Covid-19 Pandemic

The Performance of the Agri-food Sector in the Recent Economic Crisis and during Covid-19 Pandemic

Competitiveness and Innovations in Foreign Trade: a Case of Apples from Slovakia to Czechia

Contact Info

Product

Resources

About