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The Impact of COVID-19 Crisis on the Romanian Agricultural Sector

Istudor Nicolae (), Popescu Gabriel (), Begalli Diego (), Ignat Raluca (), Petrescu Irina-Elena () and Petre Ionuț-Laurențiu ()
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Istudor Nicolae: Bucharest University of Economic Studies
Popescu Gabriel: Bucharest University of Economic Studies
Begalli Diego: Universita Di Verona
Ignat Raluca: Bucharest University of Economic Studies
Petrescu Irina-Elena: Bucharest University of Economic Studies
Petre Ionuț-Laurențiu: Bucharest University of Economic Studies

A chapter in Economic Recovery After COVID-19, 2021, pp 17-35 from Springer

Abstract: Abstract If we were to analyze agriculture at European level, agriculture contributed with 1.1% to the GDP of the European Union in 2018. EU agricultural production comes from millions of predominantly small farms. The agricultural sector contributed with 176.9 billion euro to the total EU GDP in 2018. In Romania, there is an upward trend in agricultural factor revenues per unit of annual employment, from 2007 increasing to 2018. In Romania, value of agri-food production increased strongly (+8.0%) in 2018 to a new level of 18.6 billion euro. More than two-thirds of this total value comes from crop products. Following this situation, it can be seen that in Romania, agriculture has a sector of the economy of national interest. Recently, in the last two years, the agricultural sector in Romania has been counteracted by two significant problems, the COVID-19 pandemic, but especially excessive security in the agricultural year 2019–2020. In this paper, we want to identify the current situation of the sector, its level, as well as the effect that at least these two phenomena have had on this field. For this, a quantitative analysis was performed on the number of employees, added from agriculture, level of investment, sectoral profitability, number of farms in the plant sector and in the livestock sector and trade balance. Following this analysis, a qualitative research was carried out in Romanian agriculture in order to identify the impact that some recent phenomena may have on the agricultural sector in Romania.

Keywords: Agricultural sector; Romania; COVID-19; Drought; Increasing competitiveness (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-030-86641-9_2

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DOI: 10.1007/978-3-030-86641-9_2

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