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An analysis on the net export dependence relative to GDP and the consumer demand for Romania during 2001-2011

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  • Catalin Angelo IOAN

    () (Danubius University of Galati, Department of Economics)

  • Gina IOAN

    () (Danubius University of Galati, Department of Economics)

Abstract

In this paper, we have investigated the dependence of net export based on GDP and the consumer demand in Romania during 2001-2011. After determining the regression equation, the main conclusion is that in Romania is an excessive dependence of net exports from the level of consumption. The fact is easily explained in terms of negative trade balance, the Romanian consumption being based on a very large proportion of imported products. An increase in GDP will lead to a higher negative trade balance therefore it must, imperatively, a modify in export structure in the sense of either adapting to global requirements or a higher quantity and quality production in traditional areas already.

Suggested Citation

  • Catalin Angelo IOAN & Gina IOAN, 2012. "An analysis on the net export dependence relative to GDP and the consumer demand for Romania during 2001-2011," EuroEconomica, Danubius University of Galati, issue 4(31), pages 98-105, November.
  • Handle: RePEc:dug:journl:y:2012:i:4:p:98-105
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    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/1489/1417
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    References listed on IDEAS

    as
    1. Savin, N Eugene & White, Kenneth J, 1977. "The Durbin-Watson Test for Serial Correlation with Extreme Sample Sizes or Many Regressors," Econometrica, Econometric Society, vol. 45(8), pages 1989-1996, November.
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    Keywords

    net export; GDP; consumer demand; regression;

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