The Agricultural Sector in the Macroeconomic Environment: An Empirical Approach for EU
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This paper attempts to examine the relationship between the agricultural sector and the macroeconomic environment with a special mention in the way of prices formation in the agricultural sector. In the empirical analysis of this study a multivariate cointegration technique is applied in conjunction with Granger causality tests. The results of this analysis provide indications for the existence of significant causal relationships between the variables that characterize the macroeconomic environment and the indicators of the agricultural sector.