Parametrii macroeconomici în derivă

Economic Parameters Turn Adrift

George Georgescu ()

MPRA Paper from University Library of Munich, Germany

Abstract: The paper updates a warning launched by the author a year earlier regarding the effects of Inward/Outward Processing Trade flows, already entered a marginal decrease path. The high volatility of these flows, totally escaping the perception of decision makers, is threatening Romania’s appropriate management of the financial framework sustainability on medium and long term. In the first half of 2005, the economic parameters deteriorated in real terms more than shows the official data, as concerns net exports contribution to GDP, trade and current account balance, leading to the increase in external debt, which are endangering also the country risk rating, implicitly the costs of external borrowing in order to cover the rising financial gap.

Keywords: Inward Processing Trade; Balance of Payments; Current Account; External debt; Economic Growth; Country Risk (search for similar items in EconPapers)
JEL-codes: F34 F32 G38 F21 E20 (search for similar items in EconPapers)
Date: 2005-10-10
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Persistent link: http://EconPapers.repec.org/RePEc:pra:mprapa:26319

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