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The Impact of EUR/RON Exchange Rate Policy on Romanian Exports

Teodor Hada, Teodora Maria Avram and Nicoleta Bărbuţă-Mişu
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Teodor Hada: Bogdan Voda University, Cluj Napoca, Romania
Teodora Maria Avram: 1 Decembrie 1918 University, Alba Iulia, Romania

Economics and Applied Informatics, 2018, issue 1, 5-14

Abstract: This paper examines the impact of EUR/RON exchange rate policy on the exports in Romania, using monthly average values registered in the period 2006-2014. The results show that between the EUR/RON exchange rate and exports there is a significant direct relationship. The regression model was tested for estimation of the Romanian exports using the EUR/RON exchange rate in the period January 2015 - January 2016. We found that an increase of the EUR/RON exchange rate with 0.0971% determines an increase of real exports with 0.82%, that show the direct relationship is maintained. Thus, our results clearly highlight the importance of exchange rate policy in exports development.

Keywords: Exchange rate; Exports; Statistical tests; Regression model; Policy; Estimated value (search for similar items in EconPapers)
Date: 2018
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