ISSN 2284-7995, ISSN Online 2285-3952
 

MARKETING AND INNOVATION IN THE ROMANIAN WINE MARKET

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 24 ISSUE 1
Written by Maria Magdalena TUREK RAHOVEANU, Adrian TUREK RAHOVEANU

The present research is focused on the link between entrepreneurship and rural economic growth in the direction and intensity of the net influence of farmers' entrepreneurial activities on rural economic development in Romania. This research delves into land use for grape production, a key element in Romania's wine processing industry. It examines the dynamics between consumption, production, and import in the wine market, noting in particular the increase in imports after Romania accedes to the European Union. In addition, it considers the impact of viticulture on land use amid food competition concerns. The study aims to elucidate the relationships between wine production, import, and consumption and assesses the capacity of domestic production to meet consumption demands. Using regression analysis of data on wine consumption, production, and import, the research uncovers significant findings. It reveals that a one-unit increase in wine consumption correlates with a 0.13-unit increase in both wine production and imports. This study contributes to a deeper understanding of the interaction between wine consumption, production, and import, helping predictive modeling and identifying sustainable entrepreneurial paths in the grape processing sector in Romania, given the considerable wine production potential.

[Read full article] [Citation]

TUREK RAHOVEANU M.M., TUREK RAHOVEANU A. 2024, MARKETING AND INNOVATION IN THE ROMANIAN WINE MARKET. Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 24 ISSUE 1, PRINT ISSN 2284-7995, 999-1012.

The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.

© 2019 To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“.

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