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Analysis of Economic Performance in Agriculture Using Econometric Modeling

Author

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  • Bumbescu Sorina Simona

    (“1 Decembrie 1918” University of Alba Iulia, Romania)

Abstract

Agriculture is a priority sector of the national economy, so the analysis of the economic performance of agricultural holdings in Romania using modern methods, such as econometric modeling, is of particular importance. In this article is made an analysis of economic performance, expressed by ROA and ROE, for the first 500 farms in Romania (ordered by turnover size), over a period of 5 years, the purpose being to provide an answer to a fundamental research question: Which are the economic indicators/variables that significantly influence the economic performance expressed by ROA and ROE? The results of this study highlight the relevance of the econometric modeling applied for performance analysis as well as the main indicators that significantly influence the economic performance of agricultural holdings expressed by ROA and ROE. The paper brings a significant contribution to make correct decisions aimed at the economic performance of the agricultural sector.

Suggested Citation

  • Bumbescu Sorina Simona, 2020. "Analysis of Economic Performance in Agriculture Using Econometric Modeling," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 30(3), pages 118-128, September.
    • Handle: RePEc:vrs:suvges:v:30:y:2020:i:3:p:118-128:n:7
    DOI: 10.2478/sues-2020-0021
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    References listed on IDEAS

    as
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    3. Sorina Simona BUMBESCU, 2019. "Assessing Sustainable Performance In Agriculture," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 245-252, June.
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    More about this item

    Keywords

    performance; agriculture; return on assets; return on equity;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics

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