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Analysing The Degree Of Specialization In Romania’S Services Trade

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  • Grigorovici, Corina

    (Academy of Economic Studies, Bucharest)

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    Abstract

    This paper aims to contribute to a better understanding of trade specialization in Romania. In particular, the work examines the changes in trade patterns at sectoral level. In order to distinguish between the two types of trade specialization (intersectoral specialization and intra-sectoral trade (IST)) the empirical work was carried out using the Balassa index and the Grubel-Lloyd index. The former examines the degree of inter-sectoral specialization by sector; the latter considers the level of trade specialization between sectors. The empirical results support both the new trade theory, which predicts an increasing level of intra-sectoral trade with liberalization processes, and the new strand of trade theory, which, distinguishing between horizontal and vertical IST, suggests a co-existence between inter- and intra-sectoral trade.

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    File URL: http://www.ipe.ro/rjef/rjef1_09/rjef1_09_7.pdf
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    Bibliographic Info

    Article provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.

    Volume (Year): 6 (2009)
    Issue (Month): 1 (March)
    Pages: 94-114

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    Handle: RePEc:rjr:romjef:v:6:y:2009:i:1:p:94-114

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    Related research

    Keywords: services; growth; export performance; specialization;

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    References

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    1. Gilberto A. Libânio, 2003. "Trade, specialization and growth: a preliminary assessment of the Brazilian experience in the nineties," Textos para Discussão Cedeplar-UFMG td220, Cedeplar, Universidade Federal de Minas Gerais.
    2. Roberto Ezcurra & Carlos Gil & Manuel Rapún, 2004. "Regional Specialization In The European Union," Documentos de Trabajo - Lan Gaiak Departamento de Economía - Universidad Pública de Navarra 0404, Departamento de Economía - Universidad Pública de Navarra.
    3. Martin, Andersson & Ejermo, Olof, 2006. "Technology and Trade - an analysis of technology specialization and export flows," CIRCLE Electronic Working Papers 2006/5, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    4. Algieri, Bernadina, 2004. "Trade specialisation patterns: The case of Russia," BOFIT Discussion Papers 19/2004, Bank of Finland, Institute for Economies in Transition.
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