VALUE CHAIN SYNERGY AND AGRIBUSINESS ENTREPRENEURSHIP FOR A SUSTAINABLE DEVELOPMENT IN ALBANIA
Alba Kruja
Journal of Financial and Monetary Economics, 2020, vol. 8, issue 1, 190-196
Abstract:
Agribusiness as a concept became popular in the early 1960s where was defined as a sector including all operations in the production and distribution of agricultural inputs; farm production operations; as well as the collection, processing and distribution of farm products and by-products. But including its development as an agenda of the international forums will start only after the global crisis in 2010. Coordination and cooperation among the value chain actors is extremely important for the development of this sector. Now, agribusiness is perceived as a product industry and promoter of social and economic health, and for the Albanian economy, it is a very important sector which employs about half of the labor force. This research addresses the necessity of a triple helix collaboration among industry-government research institutions for the sector entrepreneurship developments to take place. The value of agribusiness lies in the synergy produced in its shell through the links in the supply chain, involved in the production and distribution of food and fiber to the needs of the economy. Study results show that the existence of a synergy among agribusiness value chain actors are the factors that characterize the sector`s entrepreneurial development and sustainability.
Keywords: Agribusiness; value chain synergy; entrepreneurship; sustainability; Albania (search for similar items in EconPapers)
JEL-codes: L25 L26 Q13 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vls:rojfme:v:8:y:2020:i:1:p:190-196
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