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Competitiveness Of The Romanian Economy From European Perspective

Author

Listed:
  • ELENA PELINESCU

    (Institute for Economic Forecasting, Bucharest, Romania)

  • MARIOARA IORDAN

    (Institute for Economic Forecasting, Bucharest, Romania)

  • MIHAELA-NONA CHILIAN

    (Institute for Economic Forecasting, Bucharest, Romania)

Abstract

The sustainable growth of economic competitiveness as a whole and of industry, in particular, is of paramount importance for Romania. A look at the literature reveals that although there is no consensus in defining and measuring competitiveness, many studies focus on competitiveness i) in a broader sense, envisaging the overall economic development, and ii) in a limited sense, concerning only the foreign trade relationships and the correlation between the domestic currency exchange rate, foreign prices and domestic inflation rates (or costs in sectors that produce tradable commodities). In such line of argument, the paper presents a picture of the Romanian economy competitiveness in the European context, focused on the analysis of real effective exchange rate, the evolution of Romania's foreign trade with the European Union and the comparative advantages/disadvantages on the European markets.

Suggested Citation

  • Elena Pelinescu & Marioara Iordan & Mihaela-Nona Chilian, 2012. "Competitiveness Of The Romanian Economy From European Perspective," New Trends in Modelling and Economic Forecast (MEF 2011), ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING;"Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences, vol. 1(1), pages 86-104, January.
    • Handle: RePEc:ntu:ntumef:vol1-iss1-12-086
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    References listed on IDEAS

    as
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    Citations

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    Cited by:

    1. Ana Patricia HOMORODEAN (CSATLOS) & Roxana Mihaela SIRBU (OARZA) & Cristian MOCAN, 2014. "Sustainability Of Tax System In Romania," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 5, pages 327-332, November.
    2. Elena Pelinescu & Marioara Iordan & Nona Chilian & Mihaela Simionescu, 2017. "Regional Economic Competitiveness. The Case of Romania," Working papers Globalization - Economic, Social and Moral Implications, April 2017 13, Research Association for Interdisciplinary Studies.
    3. Cristina LINCARU & Speranţa PÎRCIOG, 2017. "Decomposing Productivity Changes – Romania’s Counties Case," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(3), pages 166-184, September.

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    More about this item

    Keywords

    competitiveness; real effective exchange rate; deflators; foreign trade; comparative advantage;
    All these keywords.

    JEL classification:

    • F11 - International Economics - - Trade - - - Neoclassical Models of Trade
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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