Specialization of the Romanian Economy as a Factor of Increasing Competitiveness in the International Market

A major importance in study performance of trade is presented by specialization profile, usually measured by comparative advantage. However, the specialization of a country in a particular sector can be measured by various indicators, their choice depending on many factors, so below, we present some...

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Bibliographic Details
Main Authors: Mihaela-Carmen MUNTEAN, Daniela Sarpe, Costel NISTOR
Format: Article
Language:English
Published: Dunarea de Jos University of Galati 2011-11-01
Series:Risk in Contemporary Economy
Subjects:
Online Access:http://www.rce.feaa.ugal.ro/sites/default/files/MCMuntean_DSarpe_CNistor.pdf
Description
Summary:A major importance in study performance of trade is presented by specialization profile, usually measured by comparative advantage. However, the specialization of a country in a particular sector can be measured by various indicators, their choice depending on many factors, so below, we present some of these indicators as they were by logically structured by different authors. Important to note is that if the product group that we identified to have relative comparative advantage with bigger share to export or import to / from EU and also in the total export and import, this is a first indication that it retains the advantage comparison, almost at all groups (with some minor exceptions). Romania exports respectively imports in large enough share to / from the European Union.
ISSN:2067-0532