The econometric analysis of demand function for sugar imports to the CR in 1996-2010

At the turn of the 19th and 20th century, the Czech countries could boast a flourishing sugar industry. The share of the Czech countries in the European sugar exports reached to 57%. However, over time this important position on the sugar market have disappeared, and demand for imports of this commodity in the Czech Republic started to grow. The goal of this paper is to analyse the demand function for sugar import in the years 1996-2010, try to find factors that it could effect in the chosen period of time and determine their intensity. The method of examination is to set up a simple model and the subsequent implementation of regression and correlation analysis to determine the level of dependence of demand functions on individual factors. The conclusion summarizes the partial results of the analysis and proposes other possible variables that could be incorporated into the model