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Some aspects of the export performance and efficiency in the Romanian economy

Florentina Viorica Gheorghe, Artur-Emilian Simion () and Gheorghe Zaman ()

Romanian Journal of Economics, 2017, vol. 45, issue 2(54), 87-109

Abstract: Generally, a large share of the exports of high-tech products in the total exports of a country is the best indication of its high level of competitiveness. Ten years after joining the EU, Romania has an increasing share of high-tech exports, as compared to the EU pre-accession period, being still far from the European average and from its main trading partners. The objective of this study is to analyse the performance of Romania's exports, during different periods, before and after the EU accession, taking into account the profile of the international specialization, measured by various indicators as the products and partner countries concentration, the revealed comparative advantages (RCA), the inter and intra industry trade. The specialization and international cooperation in producing finished and semi-finished products, parts and subassemblies generates high trade volumes within international value chains. However, the international division of labor has deepened, so that the field of competition has passed from the finished products to the intermediary goods, in different phases or stages of technological processing. In this context, our research has been focused also on the structure of Romania's exports, both according to the criterion of the end-use of the exported goods, and in terms of the domestic value content of exports.

Keywords: exports; revealed comparative advantages; RCA; Grubel-Lloyd indices; inter and intra industry trade; international specialization (search for similar items in EconPapers)
JEL-codes: F14 F15 O24 (search for similar items in EconPapers)
Date: 2017
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Handle: RePEc:ine:journl:v:45:y:2017:i:54:p:87-109