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Analysing The Degree Of Specialization In Romania’S Services Trade

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  • Grigorovici, Corina

    (Academy of Economic Studies, Bucharest)

Abstract

This paper aims to contribute to a better understanding of trade specialization in Romania. In particular, the work examines the changes in trade patterns at sectoral level. In order to distinguish between the two types of trade specialization (intersectoral specialization and intra-sectoral trade (IST)) the empirical work was carried out using the Balassa index and the Grubel-Lloyd index. The former examines the degree of inter-sectoral specialization by sector; the latter considers the level of trade specialization between sectors. The empirical results support both the new trade theory, which predicts an increasing level of intra-sectoral trade with liberalization processes, and the new strand of trade theory, which, distinguishing between horizontal and vertical IST, suggests a co-existence between inter- and intra-sectoral trade.

Suggested Citation

  • Grigorovici, Corina, 2009. "Analysing The Degree Of Specialization In Romania’S Services Trade," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 94-114, March.
  • Handle: RePEc:rjr:romjef:v:6:y:2009:i:1:p:94-114
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    File URL: http://www.ipe.ro/rjef/rjef1_09/rjef1_09_7.pdf
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    References listed on IDEAS

    as
    1. Martin, Andersson & Ejermo, Olof, 2006. "Technology and Trade - an analysis of technology specialization and export flows," Papers in Innovation Studies 2006/5, Lund University, CIRCLE - Center for Innovation, Research and Competences in the Learning Economy.
    2. Roberto Ezcurra & Pedro Pascual & Manuel Rapun, 2006. "Regional Specialization in the European Union," Regional Studies, Taylor & Francis Journals, vol. 40(6), pages 601-616.
    3. Algieri, Bernadina, 2004. "Trade specialisation patterns : the case of Russia," BOFIT Discussion Papers 19/2004, Bank of Finland, Institute for Economies in Transition.
    4. Gilberto A. Libânio, 2003. "Trade, specialization and growth: a preliminary assessment of the Brazilian experience in the nineties," Textos para Discussão Cedeplar-UFMG td220, Cedeplar, Universidade Federal de Minas Gerais.
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    Cited by:

    1. Veronika CHALA, 2015. "The peculiarities of trade specialization in creative industries in the Central and Eastern European countries," Eastern Journal of European Studies, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6, pages 91-109, June.

    More about this item

    Keywords

    services; growth; export performance; specialization;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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