Investigation of the livestock prices in Sweden and the effect of the membership of the European Union

University essay from Mittuniversitetet/Institutionen för ekonomi, geografi, juridik och turism

Abstract: The aim with this research is to investigate if there is a relationship between import of meat and the price on livestock in Sweden. It also investigates if the Swedish membership of the European Union has affected both the price on livestock and the quantity of import of meat to Sweden. The research is based on a publication from Swedish Board of Agriculture, which indicates that the membership of the European Union has affected the consumer price on agricultural products. This gave the idea that this could have happened on prices of livestock as well. The data is collected from Swedish Board of Agriculture and SCB, for the years of 1970-2019. Regression analysis and paired t-test were supposed to be used for data analysis. The results of stationarity tests implies that regression analysis should not be used regarding the non-stationary result. Therefor were only the stationarity tests and the t-test used. The result of t-test showed that the membership of European Union has affected both price and import in Sweden. To exclude other reasons for the price decrease and the increase of import than the membership is not possible. When comparing the data with other factors and literature the conclusion is that events in the end of the 20th century did affect the price level of livestock and the increased demand for imported meat. Key

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