The Impact of International Trade of Raw Wood to the Economic Growth of Forest-Based Sectors in the Czech and Slovak Republics

Sujova, Andrea and Michal, Jakub and Kupčák, Václav and Dudík, Roman (2016): The Impact of International Trade of Raw Wood to the Economic Growth of Forest-Based Sectors in the Czech and Slovak Republics. Published in: BioResources , Vol. 12, No. 1 (19 December 2016): pp. 1102-1111.

Abstract

International trade metrics can indicate the competitive advantage of the industry in international markets. However, the export of the raw materials utilized by the industry can influence company and industry performance negatively. This article assessed the effectiveness of the international trade with raw wood and its impact on the economic results of the industry. A system of indicators was formed to measure the international trade impact on the industry performance, and the following hypothesis was established: increasing the international trade with raw wood influences the economic growth of the industry negatively. The results confirmed the hypothesis, showing that the growth of export volume and also import of raw wood decreased industry performance during the monitored period. In the forestry sector, the more significant influence appeared in revenues, which influenced the profit most in the timber industry. Other findings demonstrated that the international wood trade in the Czech Republic and the Slovak Republic does not create a comparative advantage, but decreases competitiveness of the forestry sector.

• Item Type: MPRA Paper
• Language: English
• Keywords: Economic growth; Foreign trade; Forestry sector; Raw wood
• Subjects: L - Industrial Organization > L6 - Industry Studies: Manufacturing > L69 - Other; M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M1 - Business Administration > M19 - Other; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

References

BAMWESIGYE, Dastan - BOATENG, Kofi A. - HLAVACKOVA, Petra. Timber and wood production in tropical African virgin forests. In Public Recreation and Landscape Protection With Nature Hand in Hand: conference Proceeding 2018. 2018, vol. 1, pp. 396-401. ISBN 978-80-7509-550-3. ISSN 2336-6311. WOS, SCOPUS

GAJDAČOVÁ, Petra - HÝSEK, Štěpán - JARSKÝ, Vilém. Utilisation of winter rapeseed in wood-based materials as a solution of wood shortage and forest protection. In BioResources. ISSN 1930-2126. 2018, vol. 13, no. 2, pp. 2546-2561., CCC, WOS, SCOPUS

HYSEK, Stepan - PODLENA, Milan - BARTSCH, Henry - WENDERDEL, Christoph - BOHM, Martin. Effect of wheat husk surface pre-treatment on the properties of husk-based composite materials. In INDUSTRIAL CROPS AND PRODUCTS. ISSN 0926-6690. 2018, vol. 125, no., pp. 105-113., CCC, WOS, SCOPUS

PALÁTOVÁ, Petra. Value added in sawmilling industry in the Czech Republic. In Central European Forestry Journal. ISSN 2454-034X. 2019, vol. 65, no. 1, pp. 60-65., WOS, SCOPUS

VERTER, Nahanga. Wood products export performance in Bulgaria and Romania. In BULGARIAN JOURNAL OF AGRICULTURAL SCIENCE. ISSN 1310-0351. 2019, vol. 25, no. 5, pp. 949-958., WOS, SCOPUS