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The relationship between poverty and agricultural growth in countries within central and eastern europe

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  • Anaida Iosif

    (The Bucharest University of Economic Studies)

Abstract

The paper aims to analyze the relationship between economic growth and increasing agricultural productivity at macroeconomic level, relationship that determines a decrease of poverty. Data sets are analyzed using econometric methods in order to test the cointegration relationships. The results of the data shows that, in Romania's case, the added value of agriculture has no significant impact in the evolution of the country's GDP, so also the impact in raising the standard of living is marginal. Increase productivity and profitability of agriculture requires a complex approach: a financial system to support development of the sector by providing specific financial products and services, the reorganization / retechnologization of farms, encouraging young people to invest in agriculture, ownership structure of agricultural land.

Suggested Citation

  • Anaida Iosif, 2015. "The relationship between poverty and agricultural growth in countries within central and eastern europe," International Conference on Competitiveness of Agro-food and Environmental Economy Proceedings, The Bucharest University of Economic Studies, vol. 4, pages 170-176.
    • Handle: RePEc:aes:icafee:v:4:y:2015:p:170-176
    as

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    References listed on IDEAS

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    1. Mathijs, Erik & Noev, Nivelin, 2002. "Commercialization and Subsistence in Transaction Agriculture: Empirical Evidence from Albania, Bulgaria, Hungary and Romania," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24786, European Association of Agricultural Economists.
    2. von Braun, Joachim, 2008. "The world food situation: New driving forces and required actions [In Chinese]," Food policy reports 18CH, International Food Policy Research Institute (IFPRI).
    3. UNDP Africa, 2012. "Africa Human Development Report 2012 Towards a Food Secure Future," UNDP Africa Reports 267636, United Nations Development Programme (UNDP).
    4. Oyakhilomen, Oyinbo & Zibah, Rekwot Grace, 2014. "Agricultural Production and Economic Growth in Nigeria: Implication for Rural Poverty Alleviation," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 53(3), pages 1-17, August.
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