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External trade – key element of national economy evolution under sustainable development circumstances


  • Florentina Viorica GHEORGHE

    (Romanian Academy/National Institute of Statistics-Romania)


This paper investigate some aspects related to the impact of Romania’s external trade on the sustainability of the national economy during the four periods related to the European Union membership – pre-association (1990-1995), association (1996-2000), pre-accession (2001-2006) and post-accession (2007-2014), emphasing on international flows of goods and services, net trade balance, the trade openess, export and import technological performance at national and community levels. The study addresses the issue of the economic growth, considering different steps taken by Romania in the period 1990-2014, corroborated with those of the international financial crisis which broke out in 2008. The main conclusion of the paper reveals that the evolution of external trade at macroeconomic level failed to counteract the negative effects of the economic crisis in Romania and did not contribute to the sustainability and convergence of Romania. The GDP decline in 2009 and 2010 has been recovered only partially by 2014 even if exports and imports exceeded the maximum level before the crisis.

Suggested Citation

  • Florentina Viorica GHEORGHE, 2016. "External trade – key element of national economy evolution under sustainable development circumstances," Eco-Economics Review, Ecological University of Bucharest, Economics Faculty and Ecology and Environmental Protection Faculty, vol. 2(1), pages 3-17, June.
  • Handle: RePEc:eub:ecoecr:v:2:y:2016:i:1:p:3-17

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    References listed on IDEAS

    1. Lechman Ewa, 2014. "Changing Patterns in the Export of Goods Versus International Competitiveness. A Comparative Analysis for Central-East European Countries in the Period 2000–2011," Comparative Economic Research, Sciendo, vol. 17(2), pages 1-17, June.
    2. ., 2007. "Technological Lock-in and the Role of Innovation," Chapters,in: Handbook of Sustainable Development, chapter 9 Edward Elgar Publishing.
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    4. ., 2007. "From No Technology to All Technology," Chapters,in: Understanding Technological Innovation, chapter 1 Edward Elgar Publishing.
    5. Luis A. Rivera-Batiz & Paul M. Romer, 1991. "Economic Integration and Endogenous Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 106(2), pages 531-555.
    6. ., 2007. "The Time of Technology," Chapters,in: Understanding Technological Innovation, chapter 5 Edward Elgar Publishing.
    7. Albu, Lucian Liviu, 2013. "Foreign Trade and FDI as Main Factors of Growth in the EU," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 7-17, June.
    8. Lechman, Ewa, 2014. "Changing patterns of export of goods versus macroeconomic competitiveness. A comparative analysis for East-Central European countries in the period 2000-2011," MPRA Paper 53639, University Library of Munich, Germany.
    9. Fosu, Augustin Kwasi, 1990. "Export composition and the impact of exports on economic growth of developing economies," Economics Letters, Elsevier, vol. 34(1), pages 67-71, September.
    10. Sacchidananda Mukherjee & Debashis Chakraborty, 2013. "Is environmental sustainability influenced by socioeconomic and sociopolitical factors? cross‐country empirical evidence," Sustainable Development, John Wiley & Sons, Ltd., vol. 21(6), pages 353-371, November.
    11. ., 2007. "Technological Imaginaire," Chapters,in: Understanding Technological Innovation, chapter 6 Edward Elgar Publishing.
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    More about this item


    trade balance; deficit; export; import; economic growth; GDP; sustainable development;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices


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