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Financing Rural Development in Romania – Challenges and Opportunities

Author

Listed:
  • Andreea Dragoi
  • Cristina Balgar

    ("Dimitrie Cantemir" Christian University)

Abstract

At present, the main theoretic dilemma related to the rural development can be formulated as follows: are rural development and agriculture factors that may contribute to the boost of financial crisis or possible solutions to mitigate the negative effects of the crisis and re-launch the economic growth? The economic doctrine shows that agriculture is a vital economic activity for the society and a sector a high contribution in maintaining stability and growth, thus, having the potential to alleviate the economic crisis. Nevertheless, this important contribution can only be achieved through a massive investment in infrastructure that will stimulate and increase the agricultural production, as well as in technical and technological equipment for agricultural land and also by creation and continuous development of micro-enterprises in rural areas. In order to contribute to the economic growth, rural development in Romania depends on how the local actors in the rural areas achieve financial support for their projects. Our paper proposes to emphasis the main opportunities but also the most critical problems regarding the financial support acquired by the rural communities.

Suggested Citation

  • Andreea Dragoi & Cristina Balgar, 2013. "Financing Rural Development in Romania – Challenges and Opportunities," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(3), pages 51-56, September.
    • Handle: RePEc:khe:journl:v:5:y:2013:i:3:p:51-56
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    More about this item

    Keywords

    Rural development; international crisis; state aid;
    All these keywords.

    JEL classification:

    • H71 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Taxation, Subsidies, and Revenue
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O29 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Other
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development

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