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Structural Changes In The Romanian Economy

Author

Listed:
  • Scutaru, Cornelia

    (Institute for Economic Forecasting)

  • Florescu, Ionel

    (Institute for Economic Forecasting)

Abstract

The current paper analyzes the transition process from the point of view of the structural changes in the Romanian economy after 1989. The groups of the Exporting sectors and of the Sectors that produce mainly for the domestic market (intermediate consumptions, final consumption and gross fixed capital formation) are considered, using Michael Porter’s methodology to assess the competitiveness of the economic sectors: general conditions, demand conditions, support industries, governmental policies. The data come from the Input-Output tables (1989 and 1999). The conclusions reveal important structural changes in this period characterized by economic decline, increase in deficits, inflation and structural imbalances.

Suggested Citation

  • Scutaru, Cornelia & Florescu, Ionel, 2004. "Structural Changes In The Romanian Economy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(2), pages 38-64, May.
    • Handle: RePEc:rjr:romjef:v:1:y:2004:i:2:p:38-64
    as

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    More about this item

    Keywords

    transition; Input-Output; Michael Porter’s methodology;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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