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Alterations in export patterns through transforming policies in Romania

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Abstract

This study examines Romanian export flows in light of the dismantling of the traditional economic ties within the former Eastern European trading bloc (the Council for Mutual Economic Assistance) and the conclusion (in 1993) of the Association Agreement between Romania and the European Union. These have led to a significant adjustment of the geographic trade pattern for Romania. The structural gravity model was employed to analyze the evolution of Romanian export flows to the two groups of main trading partners, i.e., the European nations of the former Council for Mutual Economic Assistance and the European Union. The empirical results support the view that the European Union became and will remain the major market outlet for Romanian exports in the following years.

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Authors and Affiliations

  1. Aristotle University of Thessaloniki, Greece

    Konstadinos Mattas

  2. Mediterranean Agronomic Institute of Chania, Greece

    Christina Esanu

Authors
  1. Konstadinos Mattas
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  2. Christina Esanu
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The authors are indebted to the participants of the 41st Atlantic Economic Conference for their helpful comments and suggestions on a first draft of this paper.

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Mattas, K., Esanu, C. Alterations in export patterns through transforming policies in Romania. International Advances in Economic Research 2, 374–385 (1996). https://doi.org/10.1007/BF02295461

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