Inward Processing Trade and Implications for the Balance of Payments Current Account (The Case of Romania)
AbstractThe study is focusing on the Romanian foreign trade by approaching distinctly its two components, i.e. the final goods under definitive custom regime and the intermediate goods imported under temporary custom regime, which are subject to processing (IPT-Inward Processing Trade), followed by their exports. While the IPT flows entered a slowdown trend, due to gradual diminishing of comparative advantages of Romania, the trade deficits almost doubled as compared to two years ago. The separation of the IPT component from the foreign trade data highlights the importance of the final exports, allowing also for the assessment of related implications on the BoP current account and on the long-term external position of Romania.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal of Economic Forecasting.
Volume (Year): 3 (2006)
Issue (Month): 1 (March)
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Foreign Trade; Balance of Payments; Economic Growth;
Find related papers by JEL classification:
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- F15 - International Economics - - Trade - - - Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
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- Georgescu, George, 2007.
"Deficitul de cont curent: Maladie cronică a economiei româneşti ?
[Current Account Deficits: A Chronic Disease of the Romanian Economy?]," MPRA Paper 24851, University Library of Munich, Germany.
- Georgescu, George, 2013.
"România în perioada post-criză: investiţiile străine directe şi efecte asupra echilibrului financiar extern
[Romania in post-crisis period: foreign direct investments and effects on external ," MPRA Paper 46531, University Library of Munich, Germany.
- Georgescu, George, 2007. "Current Account Deficits and Implications on Country Risk of Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 4(4), pages 88-96, December.
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