IDEAS home Printed from
MyIDEAS: Login to save this article or follow this journal

Competitiveness Of The Romanian Economy From European Perspective



    (Institute for Economic Forecasting, Bucharest, Romania)



    (Institute for Economic Forecasting, Bucharest, Romania)



    (Institute for Economic Forecasting, Bucharest, Romania)

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.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
File Function: First version, 2012
Download Restriction: no

Article provided by ROMANIAN ACADEMY – INSTITUTE FOR ECONOMIC FORECASTING & "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences in its journal New Trends in Modelling and Economic Forecast (MEF 2011).

Volume (Year): 1 (2012)
Issue (Month): 1 (January)
Pages: 86-104

in new window

Handle: RePEc:ntu:ntumef:vol1-iss1-12-086
Contact details of provider: Web page:

Phone: +040.21.330.90.32
Fax: +040.21.330.86.08
Web page:

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Virginie Coudert & Cécile Couharde, 2003. "Exchange Rate Regimes and Sustainable Parities for ceecs in the Run-up to emu Membership," Revue économique, Presses de Sciences-Po, vol. 54(5), pages 983-1012.
  2. Ray Barrell & Dawn Holland & Katerina Smidkova, 2003. "Estimates of Fundamental Real Echange Rates for the Five EU Pre- Accession Countries," Macroeconomics 0303016, EconWPA.
  3. Luca Buldorini & Stelios Makrydakis & Christian Thimann, 2002. "The effective exchange rates of the euro," Occasional Paper Series 02, European Central Bank.
  4. Boltho, Andrea, 1996. "The Assessment: International Competitiveness," Oxford Review of Economic Policy, Oxford University Press, vol. 12(3), pages 1-16, Autumn.
  5. Pelinescu Elena, 2005. "Cursul de schimb ca indicator de competitivitate," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 04, December.
  6. Pelinescu, Elena & Caraiani, Petre, 2006. "Estimating the Real Effective Exchange Rate (REER) by Using the Unit Labor Cost (ULC) in Romania," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 3(4), pages 5-22, December.
  7. Bela Balassa, 1964. "The Purchasing-Power Parity Doctrine: A Reappraisal," Journal of Political Economy, University of Chicago Press, vol. 72, pages 584.
  8. International Monetary Fund, 2003. "The Equilibrium Real Exchange Rate in a Commodity Exporting Country: The Case of Russia," IMF Working Papers 03/93, International Monetary Fund.
  9. Jorge Carrera & Guillermo Vuletin, 2003. "The Effects of Exchange Rate Regimes on Real Exchange Rate Volatility. A Dynamic Panel Data Approach," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31th Brazilian Economics Meeting] c67, ANPEC - Associação Nacional dos Centros de Pósgraduação em Economia [Brazilian Association of Graduate Programs in Economics].
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ntu:ntumef:vol1-iss1-12-086. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lucian Liviu ALBU)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.