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Multicriteria Assessments Of The European Convergence In Romania’S Agri-Food Economy

Author

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  • Filon TODEROIU

    (Institute of Agricultural Economics, Romanian Academy, Bucharest)

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.

Suggested Citation

  • Filon TODEROIU, 2014. "Multicriteria Assessments Of The European Convergence In Romania’S Agri-Food Economy," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 11(1), pages 15-34.
  • Handle: RePEc:iag:reviea:v:11:y:2014:i:1:p:15-34
    as

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    References listed on IDEAS

    as
    1. Toderoiu, Filon, 2009. "Real Economic Convergence – European and National Dimension," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 6(2), pages 159-180.
    2. Iancu Aurel, 2007. "Convergenţa nominală," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 02, June.
    3. Toderoiu, Filon, 2004. "Romanian Agrifood Sector – Macroeconomic Correlations Of Domestic Competitiveness," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(4), pages 87-105, December.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic growth; real wage; productivity; agri-food integration; energy-intensity; real agricultural income; Romania;
    All these keywords.

    JEL classification:

    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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