ISSN 2284-7995, ISSN Online 2285-3952
 

PRICE ELASTICITY OF PRODUCTION IN ROMANIA'S AGRICULTURE- A TERRITORIAL APPROACH BY MICRO-REGION

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 20 ISSUE 1
Written by Agatha POPESCU, Nela-Loredana CARABA-MEITA

The paper analyzed price elasticity of production for short run for wheat, maize, sunflower, milk, pork, beef and honey in Romania and in its eight micro-regions in the period 2016-2018. Elasticity coefficients were determined using Cook's formula. At Romania's level, the price growth by 1 % will determine the increase of output for wheat, maize, milk, and pork, but lower than price growth rate. Considering that other factors of influence are constant, the growth of the acquisition price will favor the increase of production in the territory of Romania as follows: for wheat in NW, SE, Bucharest Ilfov and S W Oltenia micro-regions; for maize in almost all the micro-regions except Bucharest-Ilfov and West; for sunflower in BIF and SW Oltenia; for pork, in the Center, SE, S Muntenia, SW Oltenia and West regions; for beef only in NW and NE regions; for milk in NW and S Muntenia; for honey in the Center, NE, S Muntenia, and SW Oltenia.

[Read full article] [Citation]

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“.

Powered by INTELIDEV