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ASSESSMENT OF THE IMPACT OF THE INTERNATIONAL TRADE IN AGRICULTURAL PRODUCTS ON THE EU ECONOMIC GROWTH

Rita Remeikiene, Zoltan Rozsa, Ligita Gaspareniene, Jan Pěnčík

According to Shah (2015), economic growth is a primary and crucial aim of national and regional economies. International trade, based on exploitation of the benefits of comparative advantage, is treated as one of the key Determinants of a sustainable economic growth. Being a structural part of the overal international trade, the international trade in agricultural products is an important engine of economic progress. Despite the abundance of the scientific studies proving the positive links between international trade and national and/or regional economic growth (Sun & Heshmati, 2010; Adhikary, 2010; Busse & Koniger, 2012; Fetahi-Vehapia & Sadikub, 2015; Vojtovic, 2016; Kljucnikov & Popesko, 2017; Weng et al., 2017, Simionescu et al., 2017 etc.), the international trade in agricultural products thus far has not earned the sufficient scientific attention.
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