Current account deficits and implications on Romanian economy

Niţă Sorin Cristian (), Radulică Marilena Ionica () and Dorneanu Mihai ()
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Niţă Sorin Cristian: Bucharest University of Economic Studies, Bucharest, Romania
Radulică Marilena Ionica: University of Pitesti, Pitești, Romania
Dorneanu Mihai: Bucharest University of Economic Studies, Bucharest, Romania

Proceedings of the International Conference on Business Excellence, 2020, vol. 14, issue 1, 995-1004

Abstract: The current account deficit is becoming a concerning matter with regards to the Romanian`s economy growth`s perspectives, also holding the attention of international financial institutions and rating agencies. Deficits and surpluses with regards to the current account are, to some extent, normal features of each economy and, by definition, do not constitute macroeconomic imbalances that need to be corrected immediately. Even so, by the international`s standards Romania`s current account deficit is a significant one. This paper aims to analyze the reason behind the increased current account deficit and also issue a series of recommendations in order for the economy to function as close to it`s potential as possible.

Keywords: current account; economic growth; exports; imports; deficits (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:poicbe:v:14:y:2020:i:1:p:995-1004:n:94

DOI: 10.2478/picbe-2020-0094

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