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The Evolution of the Romanian Trade Balance in the Trade with the EU Member States (1991-2012)

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  • Elena Ramona Terzea

Abstract

The present paper aims to analyse the evolution of the trade balance of Romania with the European Union Member States during the 22 years of transition from a centralised system to a democratic economic and social system and an efficient market economy. Nearly 25 years after the events of 1989, Romania has made great steps in order to resettle the entire economic system and to transform it into a functional one. However, the path was filled with inconsistent decisions and with a repositioning of the trajectory dictated by internal or external pressures. The research focuses on a brief analysis of the evolution of the trade between Romania and the EU Member States to determine the effect the integration had on the structural discrepancies between exports and imports.

Suggested Citation

  • Elena Ramona Terzea, 2014. "The Evolution of the Romanian Trade Balance in the Trade with the EU Member States (1991-2012)," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 17(53), pages 141-162, September.
    • Handle: RePEc:rej:journl:v:17:y:2014:i:53:p:141-162
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    More about this item

    Keywords

    European Union; trade balance; foreign trade; export; import;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade

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