PRODUCTIVITY OF FACTORS IN AGRICULTURE OF ROMANIA AND THE EUROPEAN UNION - A RETROSPECTIVE COMPARATIVE

This paper focuses on examining the position of agricultural sector in Romania from the viewpoint of the productivity of used production factors in EU - 27 countries comparison. International comparison, during the period 2000 - 2009, shows that Romania is considerably lagging behind the EU - 27 countries in the productivity of labour, but is rather competitive in productivity of the fixed and variable capital. This is based on the past data on relevant indicators related to the EU - 27 countries. The results will be a milestone in the knowledge of how the labor productivity has evolved over the farming. Knowing the real level of labor productivity of Romanian agriculture and especially the causes of this level the benchmark for economic policy.