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The Development Analysis of the Romanian Traditional Product Market Based on the Performance Model for Sustainable Economic Development

Author

Listed:
  • Silvius Stanciu

    (Center for Technology Transfer, “Dunarea de Jos” University of Galati, 800001 Galati, Romania)

  • Monica Laura Zlati

    (Department of Accounting, Audit and Finance, Stefan cel Mare University, 720229 Suceava, Romania)

  • Valentin Marian Antohi

    (Departament of Business Administration, Dunarea de Jos University/Faculty of Economics and Business Administration, 800001 Galati, Romania)

  • Cezar Ionut Bichescu

    (Center for Technology Transfer, “Dunarea de Jos” University of Galati, 800001 Galati, Romania)

Abstract

This study aims at quantifying the degree of concentration of the traditional product market in Romania, and the sector’s productivity and the economic performance of the different categories of traditional products are assessed. This can highlight a correlation between the dynamics of traditional products and the regional development of the relevant markets in Romania. The second aim of this study is to analyze the relationship between the economic profitability of the traditional products and the sector’s sustainability. The third aim evaluates the relationship between the capital accumulations of specific companies and the evolution of their current assets. The information selected for the application was prospective (literature review, market observations, query, and data consolidation) and analytic revised (database analysis, hypothesis fixation, model conceptualization, model hypothesis testing, and conclusions to be drawn). The selected data were processed, aiming at developing a model for the sustainable development of the traditional products. The research information was collected based on the official registrations carried out between 2014 and 2018 by at the Ministry of Agriculture and Rural Development in Romania. During this period, Romania developed the National Traditional Product Registry (NTPR), which comprises a database of 647 traditional products. The assessment of economic performance was achieved through calculated performance test by a new proposed statistical model, named ZML. ZML suggests a market concentration analysis as an alternative to the Gini Struck method. The impact of the research consisted of an evaluation of the economic performance of traditional Romanian products in sustainable development terms.

Suggested Citation

  • Silvius Stanciu & Monica Laura Zlati & Valentin Marian Antohi & Cezar Ionut Bichescu, 2019. "The Development Analysis of the Romanian Traditional Product Market Based on the Performance Model for Sustainable Economic Development," Sustainability, MDPI, vol. 11(4), pages 1-27, February.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:4:p:1123-:d:207771
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    References listed on IDEAS

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    8. Romeo Victor Ionescu & Monica Laura Zlati & Valentin Marian Antohi & Silvius Stanciu, 2018. "Reduced Inequalities as Factor of Sustainable Development: The Analysis Under Econometric Models," Sustainability, MDPI, vol. 10(10), pages 1-23, September.
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    Cited by:

    1. Monica Laura Zlati & Romeo Victor Ionescu & Valentin Marian Antohi & Veronica Grosu, 2022. "Growth and integration's impact under a new dynamic approach," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 24(5), pages 7057-7092, May.
    2. Beatrice-Simona MANOLACHE & Silviu-Cristian SIMIONESCU & Mihaela PILA & Silvius STANCIU, 2023. "Labor Costs in Agriculture: Brief Analysis of the Romanian Sector," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 1, pages 33-40.
    3. Andrei-Mirel Florea & Florentin Bercu & Riana Iren Radu & Silvius Stanciu, 2019. "A Fuzzy Set Qualitative Comparative Analysis (fsQCA) of the Agricultural Cooperatives from South East Region of Romania," Sustainability, MDPI, vol. 11(21), pages 1-18, October.
    4. Marian Socoliuc & Cristina-Gabriela Cosmulese & Marius-Sorin Ciubotariu & Svetlana Mihaila & Iulia-Diana Arion & Veronica Grosu, 2020. "Sustainability Reporting as a Mixture of CSR and Sustainable Development. A Model for Micro-Enterprises within the Romanian Forestry Sector," Sustainability, MDPI, vol. 12(2), pages 1-34, January.
    5. Vitalii ZANET & Silvius STANCIU, 2021. "Traditional Moldovan Products in the Context of European Quality Schemes. Achievements and Perspectives," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 127-133.

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