The objective of this study is to analyze several dimensions of the
agricultural economics reality for the representative farms of the
European Union countries by using microeconomic data available in
the Farm Accountancy Data Network from 1989-2009. To support this
research, several ratios and efficiency indicators were calculated
across several variables relative, namely, to the agricultural
output and the utilized agricultural area. These ratios and
indicators were analyzed further through econometric models
associated with the convergence approaches, presenting with more
detail the Portuguese case. Furthermore, it is important to design
a set of strategies that are more suited to the European Union
realities.
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