Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development-Reference-Cited by-同舟云学术

Correlation analysis of the crude oil, gold and steel prices for the purpose of agricultural development

Published:2022 Issue:3 Volume:69 Page:713-731
ISSN:0352-3462
Container-title:Ekonomika poljoprivrede
language:en
Short-container-title:Ekonomika poljoprivrede

Author:

Jeremić Dejan^ORCID,Stanojević Slobodan^ORCID,Mihajlović Milan^ORCID,Ivanova Biljana^ORCID,Kostić Radan^ORCID,Marjanović Nataša^ORCID

Abstract

This paper investigates the relationship between oil, gold and steel prices observed over a period of ten years with the aim of presenting their situation and trends using statistical methods and time series over a longer period of time and their impact on agricultural development. The high share of agriculture in the basic macroeconomic aggregates of the Republic of Serbia conditions that agriculture has a significant role in the foreign trade of the Republic of Serbia, especially in exports. The negative trend of rising fuel prices per farmer reduces the average fuel consumption per hectare. Also, the growth of the price of steel is conditioned by the growth of the prices of agricultural machinery.

Publisher

Balkan Scientific Association of Agricultural Economists

Subject

Marketing,Organizational Behavior and Human Resource Management,Strategy and Management,Drug Discovery,Pharmaceutical Science,Pharmacology

Link

https://scindeks-clanci.ceon.rs/data/pdf/0352-3462/2022/0352-34622203713J.pdf

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