THE ROMANIAN AGRI-FOOD ECONOMY – PERFORMANCE REDUCTIVE EFFECTS AFTER FIVE YEARS OF EU MEMBERSHIP

Filon Toderoiu

Agricultural Economics and Rural Development, 2012, vol. 9, issue 1, 25-45

Abstract: Starting from Romania’s economy position on the global competitiveness scale (on which Romania dropped by ten places in the last year), the agri-food sector being an important economic driving factor of the economy, the paper attempts to identify certain sets of macroeconomic variables determining non-performant generation of value added (as level and annual dynamics), which induced radical structural changes in the share of the main branches (agriculture, industry and constructions) in the essential resources of the economy (employment, fixed capital stock and net investment) and in its results (gross value added). The first set of variables is of correlative type, at macro-economic level (energy intensity of the economy; “real wages – productivity” correlation; intra-component ratios of the consumer price index). The second type of variables is of sectoral type, at the agri-food economy level (disintegrative “double fracture”; upstream and downstream economic driving effects). The third set of performance reductive variables is of structural type, in the so-called “agri-food” chain (tri-dimensional structure of the agri-food chain – economic operators, employed persons and generated gross value added; average agri-food commercial openness).

Keywords: global competitiveness; agri-food integration; upstream and downstream driving effects; agri-food commercial openness. (search for similar items in EconPapers)
JEL-codes: C22 D57 O11 O47 Q43 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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