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Agriculture role in social-economic resilience to major economic crises in Romania

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  • Tudor, Monica Mihaela

Abstract

The objective of this analysis is to investigate the capacity of agriculture to actively contribute to reducing vulnerabilities and the degree of exposure of Romania’s economy to shocks caused by major economic crises. The role of agriculture, as economic and social resilience factor, is analyzed from the perspective of primary sector contribution to the attenuation of shock and to the recovery following the economic-financial crisis that started in 2008. The primary sector contribution to counterbalancing the negative effects on GDP and labour employment generated by the recent economic crisis, by increasing the turnover in agriculture and reasserting the role of occupational outlet, in the conditions of shortage on the labour market, represent a few arguments in favour of the assertion that Romania’s agriculture is a system with relatively high resilience to shocks and at the same time a supplier of economic and social resilience for the entire economy.

Suggested Citation

  • Tudor, Monica Mihaela, 2017. "Agriculture role in social-economic resilience to major economic crises in Romania," MPRA Paper 85169, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:85169
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    More about this item

    Keywords

    resilience; agriculture; economic crisis; Romania;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

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