Affiliation:
1. The Bucharest University of Economic Studies, Romania
2. Ovidius University, Romania
Abstract
The chapter is structured in two parts: the first part presents the agricultural policy of the European Union in accordance with the Treaty of Lisbon and the Europe 2020 Strategy. At the same time, the National Rural Development Program of Romania is presented. In the second part of the chapter an econometric analysis of the agricultural sector is made. The linear multifactorial regression model presented in the second part of the chapter was based on data provided by Eurostat: surface cultivated with pesticides, GDP/capita, net investment in agriculture. The model proposed in this chapter explains and highlights the existence of a positive, linear, and significant relationship between the variables included in the model. The multiple linear regression model indicates that, with the increase of one million euros per GDP, the value of the surface cultivated with pesticides in Romania will grow by an average of 132.08 hectares.
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