Financing the Agri-Environmental Policy: Consequences on the Economic Growth and Environmental Quality in Romania.

The aim of this research is to point out the impact that the application of the agri-environmental policy has on the economic growth and on the quality of the environment, these being the main aspects targeted by the practice of a sustainable agriculture. The research is conducted based on the agri-environment indicators for Romania for the period of time between 1997 and 2019. In order to answer the objectives of this whole research, we performed stationarity tests, a cointegration test and used the Fully Modified Least Squares (FMOLS) method to estimate the relationships between the variables included in the three proposed models. The obtained results highlighted the positive influence exerted by the area that was arranged for irrigation and the agricultural area that was arranged with drainage works on the GDP, but also the negative influence of the amount of natural fertilizers used in agriculture. The use of chemical fertilizers and pesticides generates an increase in environmental degradation, meaning CO2 emissions, while an increase in the agricultural area arranged with erosion control and land improvement works, leads to reducing environmental degradations. The limitations of this research lie in the fact that the agri-environmental indicators are specific to each country in the European Union and, therefore, it is difficult to make comparisons with other member states or to apply the measures recommended for Romania to other states with similar agricultural and economic systems.

A Multivariate Analysis of the Interest in Starting Family Businesses within a Developing Economy.

The main objective of the research is to analyze the factors which influence the intention to start an intergenerational family business in a developing economy, highlighting the measures that can be implemented by decision-makers to stimulate these initiatives. PLS-SEM was used to analyze the data issued from 200 valid questionnaires. The survey was applied to 950 individuals from Romania. We focused on four variables: the closeness to family members, the financial support expected from family, the independence of individuals regarding the intention to start their own business and the intention to form partnerships with family members. All the hypotheses were validated, according to the final results. Thus, closeness to family members has a direct and positive impact on both the financial support expected from the family and the intention to form intergenerational family businesses. There is also a direct correlation between the financial support received from family and the intention to have partnerships with family members. Individuals who are closer to their families are not interested in developing independent businesses. There are several studies on family businesses in Romania, but there is no research analyzing the impact of closeness to family on the intention to develop an intergenerational family business. The study is useful for the decision-makers who can create national strategies in order to stimulate families to develop their own businesses.