Original scientific paper
https://doi.org/10.18045/zbefri.2019.1.173
The competitiveness of the EU sugar industry
Tomislav Galović
; Assistant Professor, University of Rijeka, Faculty of Economics, Ivana Filipovića 4, 51000 Rijeka, Croatia
Heri Bezić
; Full Professor, University of Rijeka, Faculty of Economics, Ivana Filipovića 4, 51000 Rijeka, Croatia
Abstract
This research investigates competitiveness of sugar manufacturing companies of the European Union (EU). Sugar industry represents a vital part of the EU food and beverages industry. The aim of the research is to show how EU sugar producers can be more competitive on internal and global sugar market. The methodology includes dynamic panel data models using sample covering up to 189
sugar manufacturing companies from 25 EU Member States in the period 2008- 2016. The key results demonstrate different impact of technology (Research and development activity), investments, sugar beet production, costs of employees, gas and sugar beet prices on average revenue of the EU sugar industry. The results confirm the importance of inputs such as natural gas, revenues from the previous
period and investments as key factors of EU sugar industry competitiveness. The proposals and recommendations are presented after research results.
Keywords
competitiveness; sugar industry; the EU; GMM estimator
Hrčak ID:
221676
URI
Publication date:
28.6.2019.
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