Investigation on the Relationship between Romanian Foreign Trade and Industrial Production

24 Pages Posted: 7 Sep 2014

See all articles by Razvan Stefanescu

Razvan Stefanescu

University Dunarea De Jos Galati

Ramona Dumitriu

University Dunarea De Jos Galati

Date Written: September 5, 2014

Abstract

This paper investigates the interactions among the Romanian industrial production, exports and imports after the adhesion to European Union. We employ monthly values testing for the Granger Causality between the variables in a Vector Autoregression framework. Our results indicate significant causalities among the variables, especially the one from the returns of exports to the returns of the industrial production index. We could consider these findings as an argument in favor of the Exports-Led Growth Hypothesis.

Keywords: Industrial Production, Exports, Imports, Granger Causality

JEL Classification: F40, F43, O40, O49

Suggested Citation

Stefanescu, Razvan and Dumitriu, Ramona, Investigation on the Relationship between Romanian Foreign Trade and Industrial Production (September 5, 2014). Available at SSRN: https://ssrn.com/abstract=2492318 or http://dx.doi.org/10.2139/ssrn.2492318

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

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