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Endogenous regional growth and foreign trade, in Romania

Gheorghe Zaman () and Daniela Antonescu ()

MPRA Paper from University Library of Munich, Germany

Abstract: Under the global and financial crisis impact, the structure of regional and local trade flows witnessed significant changes. In this context, Romania’s exports are dominated by the cars, devices, electric equipment, transportation means, agricultural food products’, chemical, basic metals, textiles and footwear industry, etc. The exported goods have, to a large extent, a low technological level, being controlled by a small number of companies that have a relatively high share in their volume and being, as a rule, direct foreign investments. In the Romanian' top of exporters and importers we found the same counties where operates, as a rule, at least one large company with foreign capital. The study paid a specific attention to the crisis impact on foreign trade in Romania, focusing on export sector as revealing the endogenous growth generating potential at regional and county level.

Keywords: endogenous regional growth, global crisis; foreign trade, export resilience (search for similar items in EconPapers)
JEL-codes: F1 F15 F4 F43 F6 F62 F68 R1 R11 R58 (search for similar items in EconPapers)
Date: 2015-05-29
New Economics Papers: this item is included in nep-agr, nep-int and nep-tra
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