COMPARATIVE ADVANTAGE METRICS OF ROMANIA’S EXPORTS IN THE PERIOD 2007-2010

Abstract

The research work consists of two parts. In the first theoretical part we analyse the formulae of revealed comparative advantages (RCA) and of the Grubel-Lloyd indices as an analysis instrument of international specialisation and of inter- and intra-industry one of national economies. The second part analytically presents the outcomes of computing the two indicators in the case of the Romanian economy in the post-accession period 2007-2010 by making use of the Eurostat database for intra and extra EU-27 trade by the nine SITC (Standard International Trade Classification) Rev. 4 categories.

Keywords

• exports
• revealed comparative advantages (RCA)
• Grubel-Lloyd Indices
• inter&intra-industry international specialization