IDEAS home Printed from https://ideas.repec.org/a/fst/rfsisf/v11y2021i6p122-130.html
   My bibliography  Save this article

The impact of National Rural Development Program on investments in the agricultural sector

Author

Listed:
  • Maria Cristina Sterie

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Gabriela Dalila Stoica

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Andreea Daniela Giucă

    (The Bucharest University of Economic Studies, Bucharest, Romania)

  • Marian Motofeanu

    (The Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

Investment, as a material support of economic development, is an important factor in achieving the transition to a successful agriculture. In the most common cases, investments in agriculture ensure a technical increase in production by including fixed assets. This process is a form of manifestation of technical progress in agriculture to ensure economic growth and higher productivity. This paper aims to present the impact of National Rural Development Program (NRDP) measures on the economic development of the agricultural sector. In this sense, the net investments made on financing sources and the net investments made in agriculture, forestry and fishing in Romania in the period 2015-2019 were analyzed, using the statistical data presented by National Institute of Statistics (INS), thus noticing an increase of 23%, respectively 1,04%. Growth was supported by investments made through the European Structural Funds granted in the two operational financing periods, respectively 2007-2013, 2014-2020. From the data presented in the most recent report on the state of absorption within NRDP 2014-2020 published by Ministry of Agriculture and Rural Development (MADR), it was noted that Romania had allocated structural funds totalling 10,968 million euros, of which 60.73% were payments to beneficiaries, the degree of absorption of European funds being 57.56% of the total allocation.

Suggested Citation

  • Maria Cristina Sterie & Gabriela Dalila Stoica & Andreea Daniela Giucă & Marian Motofeanu, 2021. "The impact of National Rural Development Program on investments in the agricultural sector," Journal of Financial Studies, Institute of Financial Studies, vol. 11(6), pages 122-130, December.
    • Handle: RePEc:fst:rfsisf:v:11:y:2021:i:6:p:122-130
    as

    Download full text from publisher

    File URL: https://revista.isfin.ro/wp-content/uploads/2021/11/10_Sterie-Cristina.pdf
    Download Restriction: no
    File URL: https://revista.isfin.ro/2021/11/16/the-impact-of-national-rural-development-program-on-investments-in-the-agricultural-sector/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    European funds; absorption; NRDP; Romania;
    All these keywords.

    JEL classification:

    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • P25 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Urban, Rural, and Regional Economics
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fst:rfsisf:v:11:y:2021:i:6:p:122-130. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cosmin Catalin Olteanu (email available below). General contact details of provider: https://edirc.repec.org/data/isfinro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.