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2015•RePEc: Research Papers in EconomicsOpen access

THE INFLUENCE OF RELEVANT FACTORS ON FARM OUTPUT VALUE: AN ANALYSIS OF AGRICULTURAL HOLDINGS FROM ROMANIA

Camelia Burja

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Abstract

This paper investigates the socio-economic factors which have defined the evolution of farm output in Romania after the integration into the European Union. The performed statistical and regression analysis, highlights the elements that impact the output value, the relevance changing of the main production factors and the agricultural production 's growth reserves. The obtained results suggest that for Romanian farms, an important factor of economic growth is the used agricultural area. This element is one of the main production factors through which increased scale effects can be obtained. On this basis we have formulated some suggestions regarding the substantiation of farms consolidation strategies in Romania and their competitiveness increase.

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This paper investigates the socio-economic factors which have defined the evolution of farm output in Romania after the integration into the European Union. The performed statistical and regression analysis, highlights the elements that impact the output value, the relevance changing of the main production factors and the agricultural production 's growth reserves. The obtained results suggest that for Romanian farms, an important factor of economic growth is the used agricultural area. This element is one of the main production factors through which increased scale effects can be obtained. On this basis we have formulated some suggestions regarding the substantiation of farms consolidation strategies in Romania and their competitiveness increase.

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Available abstract

This paper investigates the socio-economic factors which have defined the evolution of farm output in Romania after the integration into the European Union. The performed statistical and regression analysis, highlights the elements that impact the output value, the relevance changing of the main production factors and the agricultural production 's growth reserves. The obtained results suggest that for Romanian farms, an important factor of economic growth is the used agricultural area. This element is one of the main production factors through which increased scale effects can be obtained. On this basis we have formulated some suggestions regarding the substantiation of farms consolidation strategies in Romania and their competitiveness increase.

Key concepts: Agriculture, Romanian, Consolidation (business), Production (economics), European union, Agricultural economics, Value (mathematics), Factors of production

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