Matching Supply and Demand on Agricultural Market in Romania

Ion Raluca Andreea
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Ion Raluca Andreea: Faculty of Agro-food and Environmental Economics, Bucharest University of Economic Studies, Bucharest, Romania

International Journal of Sustainable Economies Management (IJSEM), 2012, vol. 1, issue 4, 10-17

Abstract: This paper identifies the relationships among different components of supply and demand on the market of agricultural and food products in Romania. Statistical data regarding the levels of production, internal availabilities for consumption, exports, and imports have been analyzed. The hypothesis whether domestic agricultural output satisfy demand has been verified and the results show that, in order to satisfy demand, imports supplement internal production of agro-food products. The share of imports varies from 4.5% for potatoes to 85% for fish and fish products. Trade balances are negative for all agricultural products, except cereals. These findings have significant implications for the work of policy makers and businesses, as it calls for changing the strategies and practices in this area.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:igg:jsem00:v:1:y:2012:i:4:p:10-17

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