Specialization of the Romanian Economy as a Factor of Increasing Competitiveness in the International Market

Mihaela Muntean (), Daniela Sarpe () and Costel Nistor ()
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Daniela Sarpe: Dunarea de Jos University of Galati, Romania
Costel Nistor: Dunarea de Jos University of Galati, Romania

Risk in Contemporary Economy, 2011, 80-87

Abstract: A major importance in study performance of trade is presented by specialization profile, usually measured by comparative advantage. However, the specialization of a country in a particular sector can be measured by various indicators, their choice depending on many factors, so below, we present some of these indicators as they were by logically structured by different authors. Important to note is that if the product group that we identified to have relative comparative advantage with bigger share to export or import to / from EU and also in the total export and import, this is a first indication that it retains the advantage comparison, almost at all groups (with some minor exceptions). Romania exports respectively imports in large enough share to / from the European Union.

Keywords: specialization; international trade; competitiveness; technological specialization; trade specialization; Michaely indicator; Krause classification (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2011:p:80-87

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