IDEAS home Printed from https://ideas.repec.org/a/vls/finstu/v28y2024i4p70-83.html
   My bibliography  Save this article

Trend And Characteristics Of The External Deficit In Romania In The Post-Pandemic Period

Author

Listed:
  • MILEA, Camelia

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy, Bucharest, Romania.)

Abstract

The external disequilibrium has been a constant of the Romanian economy since 1990, and it represents one of the main vulnerabilities of the national economy. In the article, the author analyses the evolution of Romania's foreign deficit during the recent years, highlighting some of its characteristics. The research shows that the external deficit is generated by the negative balances of goods and of primary income, and it is partly offset by the surplus of the balances of secondary income and services. It is also shown that the structure of Romanian exports is dominated by goods with low added value and a low degree of processing, which do not help to obtain high prices in foreign markets. The economic slowdown of the European Union countries (the main trade partners of Romania) in recent years is a cause of the slower growth of Romanian exports. The methodology used joins the descriptive analysis with the empirical analysis and data interpretation, as well as the identification of correlations.

Suggested Citation

  • MILEA, Camelia, 2024. "Trend And Characteristics Of The External Deficit In Romania In The Post-Pandemic Period," Studii Financiare (Financial Studies), Centre of Financial and Monetary Research "Victor Slavescu", vol. 28(4), pages 70-83, December.
  • Handle: RePEc:vls:finstu:v:28:y:2024:i:4:p:70-83
    as

    Download full text from publisher

    File URL: http://www.icfm.ro/RePEc/vls/vls_pdf/vol28i4p70-83.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    foreign disequilibrium; structure; causes; evolution; European Union;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F24 - International Economics - - International Factor Movements and International Business - - - Remittances
    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vls:finstu:v:28:y:2024:i:4:p:70-83. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniel Mateescu (email available below). General contact details of provider: https://edirc.repec.org/data/cfiarro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.