Endogenous regional growth and foreign trade, in Romania

Zaman, Gheorghe and Antonescu, Daniela (2015): Endogenous regional growth and foreign trade, in Romania.

Abstract

Under the global and financial crisis impact, the structure of regional and local trade flows witnessed significant changes. In this context, Romania’s exports are dominated by the cars, devices, electric equipment, transportation means, agricultural food products’, chemical, basic metals, textiles and footwear industry, etc. The exported goods have, to a large extent, a low technological level, being controlled by a small number of companies that have a relatively high share in their volume and being, as a rule, direct foreign investments. In the Romanian' top of exporters and importers we found the same counties where operates, as a rule, at least one large company with foreign capital. The study paid a specific attention to the crisis impact on foreign trade in Romania, focusing on export sector as revealing the endogenous growth generating potential at regional and county level.

• Item Type: MPRA Paper
• Language: English
• Keywords: endogenous regional growth, global crisis; foreign trade, export resilience
• Subjects: F - International Economics > F1 - Trade; F - International Economics > F1 - Trade > F15 - Economic Integration; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance; F - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies; F - International Economics > F6 - Economic Impacts of Globalization; F - International Economics > F6 - Economic Impacts of Globalization > F62 - Macroeconomic Impacts; F - International Economics > F6 - Economic Impacts of Globalization > F68 - Policy; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R1 - General Regional Economics > R11 - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R5 - Regional Government Analysis > R58 - Regional Development Planning and Policy

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