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Romania’s external competitiveness. A macro approach

Author

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  • Ana-Maria CAZACU (BANCU)

    (Bucharest University of Economic Studies, Romania)

Abstract

The scope of this paper is assessing Romanian competitive position on international markets by using a wide range of macroeconomic indicators. Although some price and cost indicators (REER, ULC etc.) signal a deterioration in competitiveness in the past years, this evolution is counteracted by factors as: the increase in exports market share, the revealed comparative advantages displayed in certain industries or the expansion of medium-high tech exports. Sustained and large scale efforts aimed at encouraging structural changes to a knowledge-based economy are yet needed for improving the competitiveness of the Romanian economy and its attractiveness to foreign investors.

Suggested Citation

  • Ana-Maria CAZACU (BANCU), 2014. "Romania’s external competitiveness. A macro approach," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(Special), pages 295-309, June.
    • Handle: RePEc:agr:journl:v:xxi:y:2014:i:special:p:295-309
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