Romania's Agriculture and its Role in the Convergence Process

Constantin Postoiu () and Ionuț Bușega ()
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Constantin Postoiu: Ph.D. Candidate The Bucharest University of Economics Studies ROMANIA
Ionuț Bușega: Ph.D. Candidate, The Bucharest University of Economics Studies, ROMANIA

Global Economic Observer, 2015, vol. 3, issue 1, 33-43

Abstract: The importance of agriculture in Romania is linked to the fact that 45% of its population is in the rural area, mostly dependent on agricultural activities. This paper aims to determine in what extent agriculture influences the convergence process of Romania with the euro area. The structural convergence index is computed in order to assess the degree in which the structure of the Romanian economy resembles the one of the euro area in terms of both gross value added and employment. Research indicates that Romania has the lowest score in terms of structural convergence with the euro area. The main reason is the oversized agricultural sector which employs almost a third of the active population. The productivity of the Romanian agriculture is then assessed in order to identify its possible effect on the country’s overall competitiveness and on the whole convergence process.

Keywords: agriculture; structural and employment convergence; productivity; economies of scale. (search for similar items in EconPapers)
Date: 2015-05
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Persistent link: https://EconPapers.repec.org/RePEc:ntu:ntugeo:vol3-iss1-15-033

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