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An Analysis Of The Romanian Agricultural Market In The Context Of Common Agricultural Policy

Author

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  • Larisa Nicoleta Pop

    (Faculty of Economics and Business Administration, Babes-Bolyai University Cluj-Napoca, ROMANIA)

Abstract

The Romanian economy has experienced significant challenges after its European Union (EU) integration in January 2007. Considering the significance of the agricultural sector in Romania’s economy, the implications for this activity have been substantial, especially in the framework imposed by the Common Agricultural Policy (CAP) and its recent reforms. The process of adapting the internal agricultural markets to the requirements of the EU community determined Romania to completely reshape its internal supporting instruments. The purpose of this paper is to analyze the effects of CAP mechanisms on Romanian agriculture from the viewpoint of its market confi gurations, highlighting the impact on price volatility. The results emphasize the need for investments in this sector – through the absorption of EU and state funds, banking products and other alternatives – investments that could contribute to increased productivity, better results and, in time, lower import levels.

Suggested Citation

  • Larisa Nicoleta Pop, 2015. "An Analysis Of The Romanian Agricultural Market In The Context Of Common Agricultural Policy," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 11, pages 333-343.
    • Handle: RePEc:osi:journl:v:11:y:2015:p:333-343
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    File URL: http://www.efos.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchXI/IMR11a26
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    Citations

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    Cited by:

    1. Mihut Ioana-Sorina, 2015. "Challenges Of The Recent Financial Crisis Upon The European Union Economic Governance," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 218-223, June.

    More about this item

    Keywords

    price volatility; price risk; agricultural markets; Romanian market; Common Agricultural Policy.;
    All these keywords.

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • Q02 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Commodity Market

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