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Changes In Structure Of Romania'S International Trade

Author

Listed:
  • CECILIA IRINA RABONTU

    ("Constantin Brancusi" University of Targu Jiu)

  • ANA GABRIELA BABUCEA

    ("Constantin Brancusi" University of Targu Jiu)

Abstract

Evolution of structural changes in Romanian trade is somewhat interesting if you look at it from the perspective of mutations that occurred in the categories of goods and services subject to international trade. After the Revolution of 1989, the Romanian economy has gone through dramatic changes that had determinate a total reconfiguration of foreign trade. At the same time, the economic instability has had further repercussions on the Romanian economy manifested through higher prices, reduced wages or earnings, reduced employment and rising unemployment, increasing interest rates on loans due to the devaluation of the national currency, increase value-added tax, consumption reduction etc. We proposed in this paper an analyze for a significant period of time evolution of international trade in goods and services of Romania in order to establish the main categories of goods traded but Romania's main trading partners, too. In order to achieve the central goal of this paper we will use statistical data found in the databases provided by the WTO, Eurostat and the National Statistical Institutes and statistical methods to support our initiative.

Suggested Citation

  • Cecilia Irina Rabontu & Ana Gabriela Babucea, 2014. "Changes In Structure Of Romania'S International Trade," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 45-51, April.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:2:p:45-51
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    References listed on IDEAS

    as
    1. Nicolas Berman, 2009. "Financial Crises and International Trade: The Long Way to Recovery," Economics Working Papers ECO2009/23, European University Institute.
    2. Marioara IORDAN & Mihaela-Nona CHILIAN, 2012. "Romanian Foreign Trade With The European Union-Dinamics And Trends," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 44-51, December.
    3. Cristina MANIU & Manuela-Rodica GOGONEA & Marian ZAHARIA, 2009. "The Lasting Development Of The Romanian And The Relation Services-Economic Growth-Economic Development," The Annals of the "Stefan cel Mare" University of Suceava. Fascicle of The Faculty of Economics and Public Administration, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 9(1(9)), pages 45-50, June.
    4. Ion Ghizdeanu, 2012. "Romania Between Sustainable Development And Real Convergence," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 37-43, December.
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