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Inward Processing Trade And The Romanian Foreign Trade

Author

Listed:
  • Georgescu, George

    (Institute of National Economy, Romanian Academy, Bucharest)

Abstract

The paper underlines the importance of the Inward Processing Trade (IPT), supporting it by the standard examples from South East Asia. The author tries to estimate the IPT for the case of Romania using the available data and taking into considerations the benefits both in the long and short run recommends a few policies, like adapting the information and statistical data to the requirements of accurate evaluations of IPT dimensions, introducing fiscal and non-fiscal incentives for the economic actors operating under IPT regime, creating an IPT promoting regime and implementing a supporting strategy for the companies operating under the IPT regime.

Suggested Citation

  • Georgescu, George, 2003. "Inward Processing Trade And The Romanian Foreign Trade," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 112-122, December.
    • Handle: RePEc:rjr:romjef:v::y:2003:i:4:p:112-122
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    References listed on IDEAS

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    1. Paul Brenton & Miriam Manchin, 2014. "Making EU Trade Agreements Work: The Role of Rules of Origin," World Scientific Book Chapters, in: INTERNATIONAL TRADE, DISTRIBUTION AND DEVELOPMENT Empirical Studies of Trade Policies, chapter 14, pages 299-313, World Scientific Publishing Co. Pte. Ltd..
    2. Robert C. Feenstra, 1998. "Integration of Trade and Disintegration of Production in the Global Economy," Journal of Economic Perspectives, American Economic Association, vol. 12(4), pages 31-50, Fall.
    3. Lemoine, Françoise, 1998. "Integrating Central and Eastern Europe In the European Trade and Production Network," UCAIS Berkeley Roundtable on the International Economy, Working Paper Series qt5r66s4ng, UCAIS Berkeley Roundtable on the International Economy, UC Berkeley.
    4. Robert Feenstra & Gordon Hanson, 2001. "Global Production Sharing and Rising Inequality: A Survey of Trade and Wages," NBER Working Papers 8372, National Bureau of Economic Research, Inc.
    5. Giovanni Balcet & Giampaolo Vitali, 2000. "Multinational Strategies and Outward-Processing Trade between Italy and the CEECs: The Case of Textile-Clothing," CERIS Working Paper 200015, CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY.
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    Cited by:

    1. Georgescu, George, 2005. "Parametrii macroeconomici în derivă [Economic Parameters Turn Adrift]," MPRA Paper 26319, University Library of Munich, Germany.
    2. Georgescu, George, 2016. "The world trade data distortion and its contagious impact. A brief comment on the WTO “Made in the World” initiative," MPRA Paper 69483, University Library of Munich, Germany.
    3. Georgescu, George, 2014. "International fragmentation of production. Local vulnerabilities and capitalization of heritage values in Romania," MPRA Paper 57255, University Library of Munich, Germany.

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    More about this item

    Keywords

    trade; inward processing trade;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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