The Role of Climate Change, Employment, Government Expenditure, and Imports on the Value of Agricultural Production in Romania

Zaharia Alina (), Shonkwiler Vanessa P. (), Mocanu Steliana () and Tudorache Claudiu ()
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Zaharia Alina: The Bucharest University of Economic Studies, Bucharest, Romania
Shonkwiler Vanessa P.: Department of Agricultural and Applied Economics, College of Agricultural and Environmental Sciences, University of Georgia, Athens, GA 30602, USA
Mocanu Steliana: The Bucharest University of Economic Studies, Bucharest, Romania
Tudorache Claudiu: The Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2024, vol. 18, issue 1, 1671-1681

Abstract: Agricultural production is important for ensuring food security, supporting many activities of society and building strong trade economy of a country, but can be slightly influenced by numerous factors. Even if exists a lot of studies that analyze the influencing factors of agricultural production in terms of value, investments, climate change, credits, costs of energy and more, in the literature can be observed a research gap regarding the relation between emissions or mean weekly hours actually worked per employed person and value of agricultural production. The identified gap in the specialty literature was covered in this paper. The present paper aims to analyze a series of factors that influence the value of agricultural production, like: climate change, employment, government expenditure and imports, after discussing the theoretical framework about the subject. The methodological approach is based on using several linear regressions, tested with the EViews software. One of the main findings indicates the existence of relationships between both the change of imports and the change of emissions with the value of agricultural production in Romania during 1995-2021. Also, another result indicates a negative influence of temperature change on the value of agricultural production, showing once again that climate change does negatively impact agricultural output and, thus, the sustainable development of Romania. This study could be used further by policy makers to understand on which drivers should act on in developing sustainable policies for Romanian agriculture.

Keywords: gross production value; agriculture; linear regression; correlation matrix; influencing factors; sustainable development; change (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:18:y:2024:i:1:p:1671-1681:n:1024

DOI: 10.2478/picbe-2024-0139

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