This paper investigates the effects of three different simulated post-COVID-19 recovery GDP growth rates during 2021-2023 (baseline, optimistic and pessimistic scenarios) for agricultural markets in four selected EU Member States (the Netherlands, Germany, Italy, and Hungary) compared to a pre-COVID-19 projection. Empirical results are derived from the AGMEMOD model. A self-sufficiency ratio is utilised to summarise the net effects on consumption and supply in the agricultural markets. The country level analysis confirms that the agriculture sector in the EU has been quite resilient during the pandemic. The simulated impacts of the different GDP shocks on the agri-food sector are limited, which also conforms to reality, but changes in consumer behaviour could lead to longer lasting impacts on specific sectors.
Explanatory Factors of Carbon Dioxide Emissions in the European Union
The European Union (EU) is committed to decarbonising its economy by 2050. To that end, significant reductions in greenhouse gases...
