The Economic Dimension of a Decision on a Territorial Exchange: Southern Bessarabia for Northern Dobruja

International Conference "Risk in Contemporary Economy" 2019

11 Pages Posted: 2 Jul 2019

See all articles by Razvan Stefanescu

Razvan Stefanescu

University Dunarea De Jos Galati

Ramona Dumitriu

University Dunarea De Jos Galati

Date Written: June 30, 2019

Abstract

A territorial change could have complex economic consequences for both the country that annexed a province and the country that lost it. This paper approaches the economic aspects of the territorial exchange from 1878, when Romania received the Northern Dobruja as a compensation for losing Southern Bessarabia. The economic potential of Northern Dobruja played a major role in the controversial decision of the Romanian Government to accept, de facto, the territorial exchange.

Keywords: Regional Development, Economic Values of the Territories, Decisions on the Territorial Exchanges, Counterfactual History

JEL Classification: N13, N44, R10

Suggested Citation

Stefanescu, Razvan and Dumitriu, Ramona, The Economic Dimension of a Decision on a Territorial Exchange: Southern Bessarabia for Northern Dobruja (June 30, 2019). International Conference "Risk in Contemporary Economy" 2019 . Available at SSRN: https://ssrn.com/abstract=3412547 or http://dx.doi.org/10.2139/ssrn.3412547

Razvan Stefanescu (Contact Author)

University Dunarea De Jos Galati ( email )

Str. Domneasc─â, nr. 47
Galati, 800008
Romania

Ramona Dumitriu

University Dunarea De Jos Galati ( email )

Romania

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