Exports as an engine for the economic growth: the case of Romania

Dumitriu, Ramona and Stefanescu, Razvan and Nistor, Costel (2010): Exports as an engine for the economic growth: the case of Romania. Published in: Vanguard Scientific Instruments in Management , Vol. Volume, (2 February 2011): pp. 303-308.

Abstract

This paper explores the dynamic relation between the exports and the gross domestic product from Romania. We employ the Johansen cointegration procedure and the Granger causality test to identify the interactions between the two variables. We find no cointegration but a unidirectional causality from exports to gross domestic product. We conclude the implementation of an export promotion strategy could be a solution for the Romanian national economy to surpass the actual severe recession.

• Item Type: MPRA Paper
• Language: English
• Keywords: Export led-growth, Cointegration, Granger Causality
• Subjects: F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F40 - General; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy Macroeconomics; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies

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