MULTICRITERIA ASSESSMENTS OF THE EUROPEAN CONVERGENCE IN ROMANIA’S AGRI-FOOD ECONOMY

Author

Filon Toderoiu (filitod@yahoo.com)

Agricultural Economics and Rural Development, 2014, vol. 11, issue 1, pages 15-34

Abstract: This paper attempts to formulate multicriteria assessments regarding Romania’s European economic convergence, which also depends on the agri-food sector performance. Five evaluation criteria have been identified: three refer to the domestic economy (economic growth, real earnings and productivity, agri-food integration) and two refer to the European economy (energy intensity of the economy, real agricultural income). Methodologically, we used qualitative and quantitative statistical analysis of each of the five criteria. Under the background of a slower growth in volume of the agricultural GVA (13.5%) compared to total GVA (35.2%) we identified: a “real earnings- productivity” correlation rationality only in three of the eight time slots taken; a considerable deterioration of domestic agri-food integration; a regressive trend of the energy-intensity of Romanian economy, similar to the EU-28 average and to certain member states; a progressive trend of real agricultural income per capita, yet with the highest relative instability.

Keywords: economic growth; real wage; productivity; agri-food integration; energy-intensity; real agricultural income; Romania (search for similar items in EconPapers)
JEL-codes: J31 O47 Q13 Q43 (search for similar items in EconPapers)
Date: 2014
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