THE IMPACTS OF THE INVESTMENTS IN AGRICULTURE ON ECONOMIC GROWTH IN RURAL COMMUNITIES IN ROMANIA

This paper seeks to analyze the impact of agricultural investments on economic growth in rural communities in Romania. It answers the question: are the investments in agriculture a determinant of economic growth in rural communities, and if yes, what is their impact on economic growth? The objective...

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Published inEkonomika poljoprivrede (1979) Vol. 66; no. 4; pp. 955 - 963
Main Authors Petre, Ionut Laurentiu, Ion, Raluca Andreea
Format Journal Article
LanguageEnglish
Published Belgrade Balkan Scientific Association of Agricultural Economists 01.10.2019
Naučno društvo agrarnih ekonomista Balkana, Beograd; Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
Subjects
Agricultural commodities
agricultural output
Agricultural production
Agriculture
Agronomy
Cash flow
Common Agricultural Policy
Economic analysis
Economic development
Economic growth
Economic models
Economics
Employment
Foreign investment
GDP
Gross Domestic Product
Hypotheses
Impact analysis
Investments
Labor productivity
Literature reviews
Per capita
Population
Regression analysis
Regression models
Rural areas
Rural communities
Rural development
Urban areas
Value
Nepal
Romania
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Summary:This paper seeks to analyze the impact of agricultural investments on economic growth in rural communities in Romania. It answers the question: are the investments in agriculture a determinant of economic growth in rural communities, and if yes, what is their impact on economic growth? The objectives are to identify, through linear regression models, the intensity and meaning of the relationships between the value of investments and the main indicators that can express economic growth in rural areas. In this purpose, the level of relationships between the value of investments in agriculture and the value of GDP in predominantly rural areas, the value of GDP in agriculture and the value of the agricultural production are analyzed. The main results show that the variables chosen are influenced by the value of the investments in different proportions, so the hypothesis that investment in agriculture has a positive and medium impact on rural economic growth is true. The most significant relationship is obtained between the value of agricultural investments and the value of agricultural production.
ISSN:0352-3462
2334-8453
DOI:10.5937/ekoPoljl904955L