The Impact of Rising Oil Prices on Agricultural Products
Fluctuations in the price of oil have increased the cost of production all over the world, putting several industries in difficulty. One of the most important pillars of economy is agriculture, due to its crucial role and ability to grow food and sustain life. The purpose of this article is to obser...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Ovidius University Press
2022-09-01
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| Series: | Ovidius University Annals: Economic Sciences Series |
| Subjects: | |
| Online Access: | https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%203/28.pdf |
| _version_ | 1798021797771214848 |
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| author | Samuel Nicoară Daniel Manațe |
| author_facet | Samuel Nicoară Daniel Manațe |
| author_sort | Samuel Nicoară |
| collection | DOAJ |
| description | Fluctuations in the price of oil have increased the cost of production all over the world, putting several industries in difficulty. One of the most important pillars of economy is agriculture, due to its crucial role and ability to grow food and sustain life. The purpose of this article is to observe the influence of the price of oil on the level of agricultural production in Romania. Using the Least Squares method was established the direct and positive influence of oil price over cereal production
in Romania. The main conclusion reached by this article is the major impact that the price of oil has on agricultural products in Romania suggesting the importance of the policy that cap the price of oil
and allowances to reduce the agricultural production cost. |
| first_indexed | 2024-04-11T17:19:19Z |
| format | Article |
| id | doaj.art-b0a20ac4fbba44898fe129f642087443 |
| institution | Directory Open Access Journal |
| issn | 2393-3127 |
| language | English |
| last_indexed | 2024-04-11T17:19:19Z |
| publishDate | 2022-09-01 |
| publisher | Ovidius University Press |
| record_format | Article |
| series | Ovidius University Annals: Economic Sciences Series |
| spelling | doaj.art-b0a20ac4fbba44898fe129f6420874432022-12-22T04:12:32ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272022-09-01XXII1386389The Impact of Rising Oil Prices on Agricultural ProductsSamuel Nicoară0Daniel Manațe 1” Aurel Vlaicu” University of Arad, Faculty of Economics, Romania ” Aurel Vlaicu” University of Arad, Faculty of Economics, Romania Fluctuations in the price of oil have increased the cost of production all over the world, putting several industries in difficulty. One of the most important pillars of economy is agriculture, due to its crucial role and ability to grow food and sustain life. The purpose of this article is to observe the influence of the price of oil on the level of agricultural production in Romania. Using the Least Squares method was established the direct and positive influence of oil price over cereal production in Romania. The main conclusion reached by this article is the major impact that the price of oil has on agricultural products in Romania suggesting the importance of the policy that cap the price of oil and allowances to reduce the agricultural production cost.https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%203/28.pdfprice of oilagricultural productsagriculture sector. |
| spellingShingle | Samuel Nicoară Daniel Manațe The Impact of Rising Oil Prices on Agricultural Products Ovidius University Annals: Economic Sciences Series price of oil agricultural products agriculture sector. |
| title | The Impact of Rising Oil Prices on Agricultural Products |
| title_full | The Impact of Rising Oil Prices on Agricultural Products |
| title_fullStr | The Impact of Rising Oil Prices on Agricultural Products |
| title_full_unstemmed | The Impact of Rising Oil Prices on Agricultural Products |
| title_short | The Impact of Rising Oil Prices on Agricultural Products |
| title_sort | impact of rising oil prices on agricultural products |
| topic | price of oil agricultural products agriculture sector. |
| url | https://stec.univ-ovidius.ro/html/anale/RO/2022-2/Section%203/28.pdf |
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