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Regional Patterns Of Romanian Foreign Trade In The Aftermath Of The Economic Crisis

Author

Listed:
  • Gheorghe Zaman

    (Institutul de Economie Nationala)

  • Zizi Goschin

    (ASE Bucuresti Institutul de Economie Nationala)

Abstract

The regional degree of competitiveness, specialization and performance are closely linked to regional demand for imports, as well as to regional supply for exports. Given the importance of export and import as influence factors for regional economic development, this paper aims to outline a comprehensive picture of Romanian foreign trade at county level. We analyze the level and dynamics of relevant indicators of regional foreign trade in Romania, aiming to highlight the main spatial patterns, as well as to identify recent trends, with a focus on the impact of the global economic crisis. The recent economic crisis has shown the vulnerabilities entailed by the external opening of the national economy, although the Romanian counties have been more successful in mitigating the negative impact of the economic crisis on the foreign trade than in the case of GDP. The empirical analysis revealed strong differences in counties’ exports over the period 2008 to 2014, with a few developed counties, already situated well above the average national export per inhabitant, continuing to strengthen their combined shares in overall exports. These resilient counties emerged stronger from the recent economic crisis, proving the ability to adapt to the changing post-crisis international environment.

Suggested Citation

  • Gheorghe Zaman & Zizi Goschin, 2016. "Regional Patterns Of Romanian Foreign Trade In The Aftermath Of The Economic Crisis," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 230-239, July.
    • Handle: RePEc:ora:journl:v:1:y:2016:i:1:p:230-239
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    References listed on IDEAS

    as
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    Cited by:

    1. Gheorghe Zaman & Zizi Goschin, 2017. "Factors That Promote Export Convergence: A Spatial Analysis In Romania," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 11(1), pages 1-17, June.

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    More about this item

    Keywords

    export; import; economic crisis; economic resilience; county; Romania;
    All these keywords.

    JEL classification:

    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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