An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

Enache, Calcedonia

doi:10.5171/2015.815855

Cited by 2 publications

(1 citation statement)

References 11 publications

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“…The use of cointegration theory based approaches in the field of modelling ensures (Granger-1986, Engle-Granger-1987, Johansen -1988, Phillips Perron-1988, Johansen şi Juselius-1990, Dickey Fuller-1981 ensures overcoming the problems related to the non-stationary nature of the time series used. Albu et al (2003) mentioned that applying the cointegration technique allowed the deduction of the long-term equilibrium relationship, also offering a solid basis for investigating the short-term dynamics. In the last decade the use of this model has become an empirical approach that makes sense only if the series included have a long-term relationship, so they are co-integrated.…”

Section: Introductionmentioning

confidence: 99%

An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

Enache¹

2015

JEERBE

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Romania, as an EU member state, supports developing countries to integrate trade into their national development policies, in programs and strategies to reduce poverty by regulations related to technical assistance for the participation of these countries in the negotiation and implementation of the Doha Development Agenda agreements. However, in the period 2007-2013, on average, only 3.67 percent of the total imports of agricultural products from developing countries came from countries of Africa, the Caribbean and the Pacific. In this context, the present paper intends to investigate the effects exercised by the domestic demand and the RON/EUR exchange rate on the Romania's agricultural foreign trade with developing countries on the basis of the Vector Autoregressive Model.

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Section: Introductionmentioning

confidence: 99%

An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

Enache¹

2015

JEERBE

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Vegetable Trade Flows and Chain Competitiveness Linkage Analysis Based on Spatial Panel Econometric Modelling and Porter’s Diamond Model

et al. 2022

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The vegetable sector plays an important role in ensuring food security. Vegetable trade flows in Romania have become a major concern due to constant trade balance deficits despite the country’s agricultural potential. Taking into account the paradox between what could be considered an abundance of factor endowments and poor trade balance results, the objective of this research was to study the linkage between vegetable trade flows and chain competitiveness. Spatial panel econometric methods were used to study the impact of the international vegetable market on the demand in Romania, while the Balassa index and Porter’s diamond modelling techniques were used to study the competitiveness of the vegetable chain at both county and national levels. By applying the spatial regression method to the international trade and national production panel data, it was found that an increase in the quantity of vegetables imported into Romania would cause an even greater decrease in national vegetable production. The results show that Romanian vegetable production is highly and negatively influenced by the growing appetite for imports—therefore leading to a national dependence on the global vegetable chain. Porter’s diamond model results confirm that: (a) growing vegetables is profitable in Romania and the average profit margin is higher in this economic sector than in many others; (b) there is a lack of competitiveness caused by the post-communist excessively fragmented agrarian land structure and poor performance of the irrigation, warehousing, and transportation sectors; (c) the national production of vegetables is generally self-sufficient with the exception of three counties that resort to importing and account for more than 70% of Romania’s total vegetable imports; (d) factor endowments cannot be fully harnessed, and this contributes to the deepening of the trade balance deficits. Improvement is possible by fostering competitiveness through increasing the performance of supporting industries and the logistics infrastructure, as well as removing market access barriers for the many small farmers.

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An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

Cited by 2 publications

References 11 publications

An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

An Econometric Analysis of Romania’s Agricultural Foreign Trade with Developing Countries

Vegetable Trade Flows and Chain Competitiveness Linkage Analysis Based on Spatial Panel Econometric Modelling and Porter’s Diamond Model

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