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Agricultural Crisis in Romania and Northern Transylvania


  • Radu Pavel Gavrila

    () (Bucharest Academy of Economics Studies)


The crisis is characterized by an unusually big decline in prices of agricultural products. The causes of this decline were: overproduction, lower consumption, weak demand on the world market for raw materials, etc. In Northern Transylvania, at the confluence of the Somes Rivers, prices fared a little different. The cereals situation was more difficult for farmers, earning less than the national average. Romanian agriculture was affected both by lower prices and poor harvest of wheat. In addition to the agriculture disaster that is among the causes the world economic crisis, there were also several causes of national characteristics, which have adversely affected the economic life of Romania. Between them can be cited: high rates of CFR, disorganization and lack of credit, high export taxes, turnover tax, multiple tax bills, law speculation, reference interest of the National Bank, taxes and, especially, they collection, etc.

Suggested Citation

  • Radu Pavel Gavrila, 2012. "Agricultural Crisis in Romania and Northern Transylvania," EuroEconomica, Danubius University of Galati, issue 2(31), pages 40-44, May.
  • Handle: RePEc:dug:journl:y:2012:i:2:p:40-44

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    References listed on IDEAS

    1. Carmen M. Reinhart & Kenneth S. Rogoff, 2009. "Varieties of Crises and Their Dates," Introductory Chapters,in: This Time Is Different: Eight Centuries of Financial Folly Princeton University Press.
    2. Clements, Michael P. & Hendry, David F. (ed.), 2011. "The Oxford Handbook of Economic Forecasting," OUP Catalogue, Oxford University Press, number 9780195398649.
    3. Tito Boeri & Herbert Bruecker, 2011. "Short‐time work benefits revisited: some lessons from the Great Recession," Economic Policy, CEPR;CES;MSH, vol. 26(68), pages 697-765, October.
    4. Reinhart, Karmen & Rogoff, Kenneth, 2009. ""This time is different": panorama of eight centuries of financial crises," Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 77-114, March.
    5. Lance J. Bachmeier & Inkyung Cha, 2011. "Why Don’t Oil Shocks Cause Inflation? Evidence from Disaggregate Inflation Data," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 43(6), pages 1165-1183, September.
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    lower prices; farmers; cereals; Somes;


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