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Determinants of Agricultural Production in Romania: A Panel Data Approach
Abstract
Agriculture plays an important part in the worldwide challenges, such as sustainable development, climate change, high level of greenhouse gas emissions, food security and safety, overpopulation, social welfare, and natural resource depletion. This chapter examines a panel data approach to determine the contribution of several factors on the agricultural output in terms of value and of yield. Different regression models were established for the analysis at territorial level in Romania. Some findings suggest a negative influence of the excessive drought years on the cereals yield while a statistical relevance could not be found for the influence of the excessively rainy years. Still, further studies should be conducted on analyzing the influence of the environmental and social factors on the agricultural economic output.
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