INFLUENCE OF THE INTENSIVE AND EXTENSIVE DETERMINANTS ON THE LEVEL OF GROSS VALUE ADDES IN THE AGRICULTURAL SECTOR – AN ECONOMETRIC ANALYSIS

Abstract

The determinants of economic growth in a national economy or in an activity field  were the subject of many disscusions between specialists, starting from identifying the indicators considered to be the engine of economic growth, but also to the correlations between them, and to the interpretation of the results. Regarding to the agricultural sector, were identified as indicators/factors with influence on the economic growth the following: final consumption, the value of exports, the value of production for market, variation of stocks, the value of taxes on products. In this approach, the analysis of factors/determinants is depened by an econometric model, of which correlations relations highlights the intensive determinants with effect on the final indicator of the economic growth – gross value added. For testing the influence of the factors mentioned above on the gross value added from the agricultural sector was used the E-views program, which allowed the moddeling the phenomenon  and the influence of different effort factors on one or more  effect factor.