IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/26319.html
   My bibliography  Save this paper

Parametrii macroeconomici în derivă
[Economic Parameters Turn Adrift]

Author

Listed:
  • Georgescu, George

Abstract

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
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/26319/1/MPRA_paper_26319.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    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.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    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)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:26319. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 CitEc recognized a reference but did not link an item in RePEc 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 RePEc Author Service 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.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.