MACROECONOMIC DETERMINANTS OF ROMANIAN INTRA-INDUSTRY TRADE. A STUDY OF KEY CONTRIBUTORS TO EXPORT SALES
MACROECONOMIC DETERMINANTS OF ROMANIAN INTRA-INDUSTRY TRADE. A STUDY OF KEY CONTRIBUTORS TO EXPORT SALES
Author(s): Irina Marilena BanSubject(s): Economy
Published by: Studia Universitatis Babes-Bolyai
Keywords: intra-industry trade; OLS with logistic transformation; fractional logit regression model.
Summary/Abstract: This study examines the main macroeconomic determinants of intra-industry trade between Romania and its major trading partners during the period 2001-2012. Using data at four-digit level for eight sections and based on a static panel data approach, we analyzed the country-specific characteristics. The results of the econometric analysis confirm the theoretical background. According to our estimations, the intra-industry trade is positively correlated to market size and negatively to differences in per-capita income and geographical distance, but there are also other specific factors of influence for each sector.
Journal: Studia Universitatis Babes Bolyai - Oeconomica
- Issue Year: 60/2015
- Issue No: 2
- Page Range: 03-21
- Page Count: 19
