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Contributions of Agriculture to Economic Fluctuations in Romania

Author

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  • Anca DACHIN

    (Bucharest Academy of Economic Studies)

Abstract

Globalization and European integration could be advantages for the development of agriculture in Romania, which still holds a high relative position in the economy and has structures of business organization and employment that do not match the European model. Based on the empirical analysis of available data, the paper presents changes of the Romanian agriculture in the last two decades and their influence on the whole economy, by pointing out three important fields of macroeconomic fluctuations: gross domestic product, prices and employment. The extended size of the subsistence component in the agricultural sector keeps the dependence of production variations on the natural conditions, strongly influenced by climate changes, while inducing significant variations in the GDP, but is also a solution to soften the social effects of the economic crisis.

Suggested Citation

  • Anca DACHIN, 2011. "Contributions of Agriculture to Economic Fluctuations in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(1(554)), pages 151-162, January.
    • Handle: RePEc:agr:journl:v:xviii(2011):y:2011:i:1(554):p:151-162
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    Cited by:

    1. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE, 2017. "Study On Forestry And Fishing In The European Union," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 207-212, June.
    2. Madalina-Gabriela ANGHEL & Constantin ANGHELACHE & Mirela PANAIT, 2017. "Evolution Of Agricultural Activity In The European Union," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 65(6), pages 63-74, June.

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