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

References

Acemoglu, D., Aghion P., Zilibotti, F. (2006), „Distance to Frontier, Selection and Economic Growth”, Journal of the European Economic Association 4, 37-74.

Aghion, P., Howitt, P. (1992) „A Model of Growth through Creative Destruction”, in Econometrica, Vol.60, No.2 (martie 1992) pp.323-351, The Econometric Society.

Aghion, P., Howitt, P. (1998) „Endogenous Growth Theory”; Problems and Solutions by Cecilia Garcia-Penalosa Coordinated by Maxine Brant-Collett, The MIT Press Cambridge Massachusetts, London, England, http://www.fordham.edu/economics/mcleod/aghionhowitt¬chapter1.pdf.

Ailenei, D., Cristescu, A., Vişan, C. (2012) „Regional patterns of global economic crisis shocks propagation into Romanian economy”. Romanian Journal of Regional Science, 6(1), pp. 41-52.

Albu, C., Ghibuţiu, A., Oehler Şincai, I., Lianu, C., Giurgiu, A. (2013), „Perspective şi provocări ale exporturilor româneşti în perioada 2010-2014, prin prisma relaţiilor comerciale bilaterale şi regionale ale Uniunii Europene”, Studii de Strategie şi Politici (SPOS), Studiul nr. 4.

Antonescu, D. (2008) „Regional Planning Models In Order To Stimulate The Research-Development And Innovative Activities”, https://ideas. repec.org/a/alu/journl/v2y2008i10p22.html.; (2012) „Noile perspective teoretice ale dezvoltării economice la nivel regional”, pag. 21 ftp://www.ipe.ro/RePEc/ror/ror_pdf/ seince111207.pdf; (2013) „The Regional Development Policy of Romania in the Post-Accession Period”, https://ideas.repec.org/p/ror/wpince/131209. html.

Antonescu, D., Popa, F. (2014), „Decentralisation And Regional Disparities In The Context Of The New Cohesion Policy”, https://ideas.repec. org/a/ine/journl/v1y2014i47p167-196.html.

Aroca, P., Stimson, R., Stough, R. (2011) „Modeling Regional Endogenous Growth A Structural Equation Model Approach”, NEREUS International Workshop on Regional Modelling, Brazil, Sao Paulo, November 17th. Ascani, A., Crescenzi, R., Iammarino, S. (2012) „New Economic Geography and Economic Integration”, SEARCH Working Paper, WP 1/02.

Bernanke, B. S. (2013) „The Economic Recovery and Economic Policy”, The Economic Club of New York, November 20.

Besedes, T., Prusa, T.J. (2007) „The role of extensive and intensive margins and export growth“, Working Paper 13628, 1050 Massachusetts Avenue, Cambridge, MA 02138, November 2007.

Capello, R., Fratesi, U. (2012) „Globalization and Endogenous Regional Growth”, Springer-Verlag Berlin.

Capello, R., Nijkamp, P. (2009) „Introduction: regional growth and development theories in the twenty-first century – recent theoretical advances and future challenges”, Elgar online; Nijkamp, P. (Eds.),

Edward Coffey, W.J., Polese, M. (1984) „The Concept of Local Development: A Stages Model of Endogenous Regional Growth”, 23th European Congress of Regional Science Association, Poitier.

Cohen, W., Levinthal, L. (1990) „Absorption Capacity: A New Perspective on Learning and Innovation”, Administrative Science Quarterly, 35, p. 128–152.

Cojanu, V. (coord.) (2010) „Potenţialul competitiv al creşterii economice: linii directoare pentru o nouă politică industrială în România“, Studii de Strategie şi Politici SPOS 2010, Institutul European din România, Bucureşti, Octombrie, 2010.

Cojanu, V., Pâslaru, D. (2011) „How important are agglomeration economies: a case study of Romanian industrial clusters”, Review of Economic and Business Studies, 4:1, pp. 35-58.

Constantin, D.L., Goschin, Z., Drăgan, G. (2010) „Implications of EU Structural Assistance to New Member States on Regional Disparities: The Question of Absorption Capacity”, capitol în R. Stimson, R.R. Stough, P. Nijkamp (Eds.) „Endogenous Regional Growth”, Edward Elgar Publishing Ltd., Cheltenham, UK, Northampon, MA, USA, pp. 182-203.

Constantinescu, M., Constantin, D.L. (2010) „Dinamica dezechilibrelor regionale în procesul de integrare europeană: modelare, strategii, politici”, Editura A.S.E., Bucureşti.

Cordina, G. (2004a) „Economic Vulnerability, Resilience and Capital Formation” în Lino Briguglio and Eliawony J Kisanga (Eds.), „Economic Vulnerability and Resilience of Small States”, Islands and Small States Institute and Commonwealth Secretariat.

Cordina, G. (2004b) „Economic Vulnerability and Economic Growth: Some Results from a Neo-Classical Growth Modelling Approach”, Journal of Economic Development, vol. 29:2, December.

Dinga, E. (2009) „Unele efecte ale crizei financiare asupra economiei reale“, ftp://www.ipe.ro/RePEc/vls/vls_pdf/vol13i3p18-31.pdf.

Dinu, M., Socol, C. (2006) „From Solow Model to Endogenous Growth. Romania’s Reinsertion into Civilization?“ – Revista Informatica Econo¬mi¬că, vol. X, nr. 1(37)/2006, pp. 122-127.

Frankel, J., Stein, E., Wei, Shong-Jin (1997) „Regional Trading Blocs in the World Economic System”, Institute for International Economics.

Friedmann, J., Alonso, W. (1964) „Regional Development and Planning”, Publisher Cambridge, Massachusetts, M.I.T. Press.

Georgescu, G. (2012) „The Global Crisis Impact on Romanian Trade Structure“, MPRA Working Paper, No 36339.

Ghizdeanu, I., Tudorescu, V., Neagu, M. (2004) „Model de determinare a poten¬ţia¬lului de creştere a economiei româneşti în perioada 2005-2025 – sin¬teză preliminară”, Comisia Naţională de Prognoză.

Georgescu, G. (2012) „The Global Crisis Impact on Romanian Trade Structure“, MPRA Working Paper, No 36339. Ghibuţiu, A. (2005), „Noi paradigme ale politicilor comerciale şi ale coordonării acestora în plan global”, în: Iancu, A. (Coord.), Dezvoltarea economică a României. Competitivitatea şi integrarea în UE, Vol. II, Editura Academiei Române, 2005, Bucureşti, pp. 929-951 (ISBN 973-27-1183-3).

Ghibuţiu, A., Oehler-Şincai, I., M. (2010) „Comerţul cu servicii al UE sub impactul globalizării şi al crizei economice”, în: Colecţia de studii IER, Nr. 25, Working Papers Series, IER, Bucureşti, mai 2010, 58 pagini (ISSN online 184-4281).

Hasai, N., Buckley, J. (2010) „Is competitive advantage a necessary condition for the emergence of the multinational enterprise?” http://pluto.huji.ac.il/~nironh/GSJ-130258.R1_Hashai_Edited_2[1].pdf.

Hausmann, R., Hwang, J., Rodrik, D. (2007) „What You Export Matters", Journal of Economic Growth, 12, 1, p. 1-25.

Hausmann, R., Klinger, B. (2007) „The Structure of the Product Space and the Evolution of Comparative Advantage”, CID Working Paper No. 146. Heidenreich, M. (2009) „Innovation patterns and location of European low- and medium-technology industries”, Research Policy, Elsevier.

Henderson, V., Kuncoro, A., Turner, M. (1995) „Industrial Development in Cities”, Journal of Political Economy, 103, pp. 1067-1090.

Hicks, J.R. (1932) „The Theory of Wages”, Second Edition (1963), St Martin’s Press, New York. Stiglitz, J. (1992) „Endogenous Growth and Cycles”, Working Papers, Stanford University. Stiglitz, J. (1999) „Public Policy for a Knowledge Economy", Center for Economic Policy Research, London.

Zaman Gh., Georgescu G., Antonescu D., Goschin D., Popa F., (2015), „Dezvoltarea economică endogenă la nivel regional. Cazul României” , Editura Expert, ISBN 978-973-618-408-6, Bucureşti.

Zaman, Gheorghe & Georgescu, George, (2015), „Resilience to crisis and GDP recovery at county level in Romania”, MPRA Paper 63246, University Library of Munich, Germany.

Zaman, Gheorghe & Georgescu, George, (2015), „Financing the endogenous development at regional and county levels. Particularities, trends and challenges”, MPRA Paper 62270, University Library of Munich, Germany.