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Article
Author(s)
Anaida Iosif
Full-Text PDF XML 526 Views
DOI:10.17265/1537-1506/2018.10.002
Affiliation(s)
The Bucharest University of Economic Studies, Bucharest, Romania
ABSTRACT
The paper aims to analyze
the relationship between economic growth and increasing agricultural
productivity at macroeconomic level, relationship that determines a decrease of
poverty. Data sets are analyzed using econometric methods in order to test the
cointegration relationships. The results of the data show that, in Romania’s case, the added
value of agriculture has no significant impact on the evolution of the country’s GDP, so also the impact on raising the standard of living is marginal. To increase productivity
and profitability of agriculture requires a complex approach: a financial system to support
development of the sector by providing specific financial products and
services, the reorganization/retechnologization of farms, encouraging young
people to invest in agriculture, ownership structure of agricultural land.
KEYWORDS
added value, poverty, production, labor force
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