Research Council of Lithuania funds the project ,,Assessing the most appropriate measures for increasing the economic resilience of Lithuanian agriculture to reduce the consequences of the COVID-19“.
In order to minimize the consequences of the COVID-19 pandemic on Lithuanian agriculture and ensure its rapid recovery, effective measures with immediate effect are needed. The aim of the project is to identify these measures and, via econometric modelling and simulations, to identify possible scenarios for the impact of these measures and their combinations. The impact of the measures will be assessed in terms of the economic situation taking both agricultural production and trade into account. The application of the results of the study will not only allow the sector to recover more quickly following the crisis caused by COVID-19, but also to better prepare for possible future crises. The stable operation of the Lithuanian agricultural sector would ensure the economic viability of farms, the socio-economic sustainability of rural regions and the supply of Lithuania's population with locally produced food.
Project duration: July - December, 2020.
Contacts:
Project Leader dr. Tomas Baležentis, tel. +370 (5) 262 2085, e-mail tomas.balezentis@laei.lt
