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Marele pericol care planează asupra economiei
[The Danger which Hangs Over the Romanian Economy]


  • Georgescu, George


The study is focusing on excessive current account deficits accumulation which is endangering the perspectives of Romania’s long-term external financial position. In order to reveal the real drivers of current account balance, the development of two distinctly components of the foreign trade has been examined, the importance of IPT (Inward Processing Trade) being highlighted.

Suggested Citation

  • Georgescu, George, 2004. "Marele pericol care planează asupra economiei
    [The Danger which Hangs Over the Romanian Economy]
    ," MPRA Paper 23795, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:23795

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    References listed on IDEAS

    1. repec:ine:journl:v:18:y:2004:i:18:p:43-53 is not listed on IDEAS
    2. Robert Feenstra & Gordon Hanson, 2001. "Global Production Sharing and Rising Inequality: A Survey of Trade and Wages," NBER Working Papers 8372, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Georgescu, George, 2005. "Parametrii macroeconomici în derivă
      [Economic Parameters Turn Adrift]
      ," MPRA Paper 26319, University Library of Munich, Germany.
    2. Georgescu, George, 2006. "Comerţul exterior scufundă barca economiei româneşti
      [Foreign Trade is Sinking the Romanian Economy Boat]
      ," MPRA Paper 24012, University Library of Munich, Germany.

    More about this item


    Inward Processing Trade; Current Account; Economic Growth; External Debt.;

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies


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