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Analysis of the Relationship between the Romanian Exports and Imports

Author

Listed:
  • Ramona Dumitru

    („Dunărea de Jos” University of Galaţi, Romania)

  • Costel Nistor

    („Dunărea de Jos” University of Galaţi, Romania)

  • Răzvan Ștefănescu

    („Dunărea de Jos” University of Galaţi, Romania)

Abstract

In the last years, the Romanian economy experienced significant foreign deficits after the surpluses achieved in the periods of communist regime. The continuation of this evolution could affect, in the future, the macroeconomic stability. In this paper we study the relationship between the Romanian exports and imports in the period of time January 2004 -July 2008. For this purpose we use the Engle-Granger cointegration test. We found the existence of a cointegration relationship between exports and imports. However, this is not enough to sustain the foreign deficits since the imports grew faster than the exports. This situation imposes certain changes in the macroeconomic policy.

Suggested Citation

  • Ramona Dumitru & Costel Nistor & Răzvan Ștefănescu, 2008. "Analysis of the Relationship between the Romanian Exports and Imports," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 8(1), pages 177-182.
    • Handle: RePEc:pet:annals:v:8:i:1:y:2008:p:177-182
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