Economic Comparison of Agricultural Sector of Eurasian Countries – Is There Any Potential for Development Through Economic Cooperation?

Irena BenešováZuzana NovotnáPetra ŠánováAdriana Laputková

DOI 10.7160/aol.2016.080202
No 2/2016, June
pp. 19-31

Benešová, I., Novotná, Z., Šánová, P. and Laputková, A. (2016) “Economic Comparison of Agricultural Sector of Eurasian Countries – Is There Any Potential for Development Through Economic Cooperation?", AGRIS on-line Papers in Economics and Informatics, Vol. 8, No. 2, pp. 19-31. ISSN 1804-1930. DOI 10.7160/aol.2016.080202.

Abstract

Eurasia represents an important economic region for the majority of the post-Soviet republics. The structure of their economies is highly dissimilar and reflects the status of agriculture. The aim of the paper is to analyse the relation between agriculture index and GDP per capita Using the basic economic indicators in agriculture (contribution of agriculture to GDP, share of employment in agriculture, agriculture value added per worker and share of rural population) as well as the cluster analysis, the countries were divided into four groups. There are sub-groups within the post-Soviet republics, differing considerably in the status of agriculture in their national economy. A negative correlation between GDP per capita (PPP) and the level of the agriculture index has been proved in the monitored countries.

Keywords

Eurasia, post-Soviet countries, agriculture index, economic indicators, cluster analysis, economic development.

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