Analysing The Degree Of Specialization In Romania’S Services Trade
AbstractThis 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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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): 6 (2009)
Issue (Month): 1 (March)
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More information through EDIRC
services; growth; export performance; specialization;
Find related papers by JEL classification:
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
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Documentos de Trabajo - Lan Gaiak Departamento de EconomÃa - Universidad PÃºblica de Navarra
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