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Specialization of the Romanian Economy as a Factor of Increasing Competitiveness in the International Market

Author

Listed:
  • Mihaela-Carmen MUNTEAN

    (Dunarea de Jos University of Galati, Romania)

  • Daniela Sarpe

    (Dunarea de Jos University of Galati, Romania)

  • Costel NISTOR

    (Dunarea de Jos University of Galati, Romania)

Abstract

A major importance in study performance of trade is presented by specialization profile, usually measured by comparative advantage. However, the specialization of a country in a particular sector can be measured by various indicators, their choice depending on many factors, so below, we present some of these indicators as they were by logically structured by different authors. Important to note is that if the product group that we identified to have relative comparative advantage with bigger share to export or import to / from EU and also in the total export and import, this is a first indication that it retains the advantage comparison, almost at all groups (with some minor exceptions). Romania exports respectively imports in large enough share to / from the European Union.

Suggested Citation

  • Mihaela-Carmen MUNTEAN & Daniela Sarpe & Costel NISTOR, 2011. "Specialization of the Romanian Economy as a Factor of Increasing Competitiveness in the International Market," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 80-87.
    • Handle: RePEc:ddj:fserec:y:2011:p:80-87
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