Romania’s Foreign Trade in Agricultural Products Measurement Methods and Techniques

Dinu, T. A.; Enache, Calcedonia; Condei, R.; Niculae, Ioana; Szabová, Elena

doi:10.5171/2015.523472

Cited by 2 publications

(1 citation statement)

References 2 publications

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“…To increase competitiveness, it is necessary to increase investments in new equipment, to improve the program of innovative production based on research and development, to continuously improve the employees' qualification skills, and to stimulate the added values of products and services (Putićová and Mezera, 2011). This approach will contribute to developing of the policy of balanced foreign trade and high coverage level of import by export (Dinu et al, 2015).…”

Section: Discussionmentioning

confidence: 99%

State of agro-food foreign trade in Bosnia and Herzegovina

Milovanović

Radosavac

Knežević

2018

Ekonomika poljoprivrede

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Trade of agricultural products plays an important role in food security, development of production and processing of products, strengthening the economy and GDP growth. The aim of this paper is to establish the trend of trade of food, live animals, drinks and tobacco in Bosnia and Herzegovina (B&H). Foreign trade of food products in B&H has been investigated for the past six years (2012-2017). In B&H, annual import of agricultural and food products exceeds BAM 2.5 million and the export is approximately BAM 600 million. Food production is a strategic interest of every country. The coverage of import by export was the highest in 2017 (29.9%) and 2016 (29.4%), while the lowest was in 2014 (18.4%). During the investigated period, there was a deficit of trade in B&H. Both export and import in agro-food sector have been increasing recently, while the volume of export has a higher growth than import.

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Section: Discussionmentioning

confidence: 99%

State of agro-food foreign trade in Bosnia and Herzegovina

Milovanović

Radosavac

Knežević

2018

Ekonomika poljoprivrede

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Vegetable Trade Flows and Chain Competitiveness Linkage Analysis Based on Spatial Panel Econometric Modelling and Porter’s Diamond Model

et al. 2022

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The vegetable sector plays an important role in ensuring food security. Vegetable trade flows in Romania have become a major concern due to constant trade balance deficits despite the country’s agricultural potential. Taking into account the paradox between what could be considered an abundance of factor endowments and poor trade balance results, the objective of this research was to study the linkage between vegetable trade flows and chain competitiveness. Spatial panel econometric methods were used to study the impact of the international vegetable market on the demand in Romania, while the Balassa index and Porter’s diamond modelling techniques were used to study the competitiveness of the vegetable chain at both county and national levels. By applying the spatial regression method to the international trade and national production panel data, it was found that an increase in the quantity of vegetables imported into Romania would cause an even greater decrease in national vegetable production. The results show that Romanian vegetable production is highly and negatively influenced by the growing appetite for imports—therefore leading to a national dependence on the global vegetable chain. Porter’s diamond model results confirm that: (a) growing vegetables is profitable in Romania and the average profit margin is higher in this economic sector than in many others; (b) there is a lack of competitiveness caused by the post-communist excessively fragmented agrarian land structure and poor performance of the irrigation, warehousing, and transportation sectors; (c) the national production of vegetables is generally self-sufficient with the exception of three counties that resort to importing and account for more than 70% of Romania’s total vegetable imports; (d) factor endowments cannot be fully harnessed, and this contributes to the deepening of the trade balance deficits. Improvement is possible by fostering competitiveness through increasing the performance of supporting industries and the logistics infrastructure, as well as removing market access barriers for the many small farmers.

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Romania’s Foreign Trade in Agricultural Products Measurement Methods and Techniques

Cited by 2 publications

References 2 publications

State of agro-food foreign trade in Bosnia and Herzegovina

State of agro-food foreign trade in Bosnia and Herzegovina

Vegetable Trade Flows and Chain Competitiveness Linkage Analysis Based on Spatial Panel Econometric Modelling and Porter’s Diamond Model

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