Exports and Growth in Romania – A Causal Relation?
Exports and Growth in Romania – A Causal Relation?

Summary/Abstract: Is there a causal relation between exports and growth in Romania? This is the question to which in this paper we will try to answer. To separate a deterministic relation of a causal one is a very important task of the economists. A positive correlation between two phenomena does not necessarily imply the existence of a causality between them. The findings of the econometric analysis suggest that an outward-looking must be correlated with a good structure of exports in order to obtain a high level of economic growth.

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