AN ANALYSIS OF THE ROMANIAN AGRICULTURAL MARKET IN THE CONTEXT OF COMMON AGRICULTURAL POLICY

Larisa Nicoleta Pop ()
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Larisa Nicoleta Pop: Faculty of Economics and Business Administration, Babes-Bolyai University Cluj-Napoca, ROMANIA

Interdisciplinary Management Research, 2015, vol. 11, 333-343

Abstract: The Romanian economy has experienced significant challenges after its European Union (EU) integration in January 2007. Considering the significance of the agricultural sector in Romania’s economy, the implications for this activity have been substantial, especially in the framework imposed by the Common Agricultural Policy (CAP) and its recent reforms. The process of adapting the internal agricultural markets to the requirements of the EU community determined Romania to completely reshape its internal supporting instruments. The purpose of this paper is to analyze the effects of CAP mechanisms on Romanian agriculture from the viewpoint of its market confi gurations, highlighting the impact on price volatility. The results emphasize the need for investments in this sector – through the absorption of EU and state funds, banking products and other alternatives – investments that could contribute to increased productivity, better results and, in time, lower import levels.

Keywords: price volatility; price risk; agricultural markets; Romanian market; Common Agricultural Policy. (search for similar items in EconPapers)
JEL-codes: E30 E37 Q02 (search for similar items in EconPapers)
Date: 2015
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