Exports as an engine for the economic growth: the case of Romania

Ramona Dumitriu, Razvan Stefanescu and Costel Nistor

MPRA Paper from University Library of Munich, Germany

Abstract: This paper explores the dynamic relation between the exports and the gross domestic product from Romania. We employ the Johansen cointegration procedure and the Granger causality test to identify the interactions between the two variables. We find no cointegration but a unidirectional causality from exports to gross domestic product. We conclude the implementation of an export promotion strategy could be a solution for the Romanian national economy to surpass the actual severe recession.

Keywords: Export led-growth; Cointegration; Granger Causality (search for similar items in EconPapers)
JEL-codes: F40 F41 F43 (search for similar items in EconPapers)
Date: 2010-05-04, Revised 2012-02-10
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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