Romania’s external competitiveness. A macro approach

Ana-Maria CAZACU (bancu)
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Ana-Maria CAZACU (bancu): Bucharest University of Economic Studies, Romania

Theoretical and Applied Economics, 2014, vol. XXI, issue Special, 295-309

Abstract: The scope of this paper is assessing Romanian competitive position on international markets by using a wide range of macroeconomic indicators. Although some price and cost indicators (REER, ULC etc.) signal a deterioration in competitiveness in the past years, this evolution is counteracted by factors as: the increase in exports market share, the revealed comparative advantages displayed in certain industries or the expansion of medium-high tech exports. Sustained and large scale efforts aimed at encouraging structural changes to a knowledge-based economy are yet needed for improving the competitiveness of the Romanian economy and its attractiveness to foreign investors.

Keywords: external trade; price competitiveness; non-price factors; competitive index. (search for similar items in EconPapers)
Date: 2014
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