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Parametrii macroeconomici în derivă
[Economic Parameters Turn Adrift]


  • Georgescu, George


The paper updates a warning launched by the author a year earlier regarding the effects of Inward/Outward Processing Trade flows, already entered a marginal decrease path. The high volatility of these flows, totally escaping the perception of decision makers, is threatening Romania’s appropriate management of the financial framework sustainability on medium and long term. In the first half of 2005, the economic parameters deteriorated in real terms more than shows the official data, as concerns net exports contribution to GDP, trade and current account balance, leading to the increase in external debt, which are endangering also the country risk rating, implicitly the costs of external borrowing in order to cover the rising financial gap.

Suggested Citation

  • Georgescu, George, 2005. "Parametrii macroeconomici în derivă
    [Economic Parameters Turn Adrift]
    ," MPRA Paper 26319, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:26319

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    References listed on IDEAS

    1. Georgescu, George, 2003. "Inward Processing Trade And The Romanian Foreign Trade," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 112-122, December.
    2. 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.
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    More about this item


    Inward Processing Trade; Balance of Payments; Current Account; External debt; Economic Growth; Country Risk;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)


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