The objective of the paper is to recognize the role of internal and external factors in the trade balance. The analysis of the trade balance is useful to help formulate goals and premises of economy policy to properly allocate production means to eliminate the negative effects of trade liberalization. The authors have studied data about trade of agricultural commodities in the years 2000-2010. To measure the impact of macroeconomic variables used a regression model. The macroeconomic factors included: X1 (inflation), X2 (investment in agriculture and hunting), X3 (GDP) and X4 (exchange rate) and X5 (FAO food price index). We wanted to recognize the impact of macroeconomic factors on: Y1 (total export), Y2 (total import), Y3 (trade balance).
|Original language||English (US)|
|Number of pages||8|
|Journal||Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis|
|State||Published - 2015|
All Science Journal Classification (ASJC) codes
- Agricultural and Biological Sciences(all)