Evolution of the Romanian Exports and Imports in the Context of the European Integration

6 Pages Posted: 6 Oct 2012

See all articles by Razvan Stefanescu

Razvan Stefanescu

University Dunarea De Jos Galati

Ramona Dumitriu

University Dunarea De Jos Galati

Costel Nistor

University Dunarea de Jos Galati

Date Written: August 12, 2010

Abstract

The adhesion to the European Union in January 2007 induced significant changes in the Romania’s foreign trade. In the new circumstances, the Romanian firms have to face an increased competition, but they could also fructify the opportunities of the European single market. Other changes could occur in the next years, when Romania is expected to adhere to the Eurozone. This paper explores the Romanian exports and imports evolution, in relation with the changes generated by the European integration. Such an analysis is quite complex due to the relatively short period of time passed since the adhesion to the European Union. Moreover, the global crisis affected substantially both the exports and the imports. We search for the major structural transformation in the Romanian foreign trade by time series analysis.

Keywords: Romanian foreign trade, European integration, structural breaks

JEL Classification: F15, F10, F19

Suggested Citation

Stefanescu, Razvan and Dumitriu, Ramona and Nistor, Costel, Evolution of the Romanian Exports and Imports in the Context of the European Integration (August 12, 2010). Available at SSRN: https://ssrn.com/abstract=2157712 or http://dx.doi.org/10.2139/ssrn.2157712

Razvan Stefanescu (Contact Author)

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

Ramona Dumitriu

University Dunarea De Jos Galati ( email )

Romania

Costel Nistor

University Dunarea de Jos Galati ( email )

Galati, 800001
Romania

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