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Foreign trade impact on employment efficiency – an analysis using R

Author

Listed:
  • Elena Banica

    (National Institute for Statistics, Bucharest, Romania)

  • Valentina Vasile

    (Institute of National Economy-Romanian Academy)

Abstract

The sustainable development on export means both specific market share growth and use of high-qualified human resources, able to create quality goods for export as well as technological transfer and quality of work promotion for increasing companies’ competitiveness on international markets. The scope of the paper is to analyze the impact of external trade in goods on employment in Romania. The research is based on companies’ typology on main activity, ownership and technological level of exported goods. Special attention is devoted to the impact of firms with FDI and high-tech products on export dynamics and sustainability and quality of employment. To reach this goal, VAR models are being conducted, using R statistical software.The results of the analyses performed revealed an inverse relationship between export growth and developments in unit labor costs. The role of FDI in the economic development of a region and even of the economy cannot be disputed but exports provided by FDI firms remain rather limited by the restricted integrated value chains, mainly oriented to origin countries.

Suggested Citation

  • Elena Banica & Valentina Vasile, 2017. "Foreign trade impact on employment efficiency – an analysis using R," Romanian Statistical Review, Romanian Statistical Review, vol. 65(4), pages 111-127, December.
    • Handle: RePEc:rsr:journl:v:65:y:2017:i:4:p:111-127
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    References listed on IDEAS

    as
    1. Johannes Mayr & Dirk Ulbricht, 2007. "Log versus level in VAR forecasting: 16 Million empirical answers - expect the unexpected," ifo Working Paper Series 42, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    2. Abdul Rashid & Muhammad Akram, 2017. "Trade Competitiveness and Employment: Job Creation or Job Destruction," International Economic Journal, Taylor & Francis Journals, vol. 31(2), pages 245-296, April.
    3. Pfaff, Bernhard, 2008. "VAR, SVAR and SVEC Models: Implementation Within R Package vars," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 27(i04).
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Elena BANICA & Valentina VASILE, 2017. "Romanian foreign trade after Brexit - impact, main challenges and limits," Romanian Journal of Economics, Institute of National Economy, vol. 45(2(54)), pages 63-86, December.
    2. Valentina Vasile & Elena Banica, 2018. "The Export Efficiency Dynamics Of Romanian Owned Capital Companies. Limits And Challenges In A Globalised World," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 25-37, July.

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    More about this item

    Keywords

    foreign trade; employment; VAR models; R statistical software;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • C87 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Econometric Software

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