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AN ESSAY ON THE APPLICABILITY OF THE LINDER HYPOTHESIS IN DETERMINING THE PATTERNS OF THE ROMANIAN INTERNATIONAL TRADE

The Journal of Economic Development, Environment and People

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Field Value
 
Title AN ESSAY ON THE APPLICABILITY OF THE LINDER HYPOTHESIS IN DETERMINING THE PATTERNS OF THE ROMANIAN INTERNATIONAL TRADE
 
Creator Viciu, Tania Georgia
Mihoreanu, Larisa
Costea, Carmen
 
Subject Economic Development; Social Sciences
Trade models, Economic development,Trade-creating forces, Commercial advantages, Capital-intensive commodities, Labour-intensive commodities
F14,M10
 
Description The paper tries to shed light on the effectiveness of a previously proposed and wide accepted trade model and its consistency in developing economies such as Romania. The structure and evolution of the exports and imports of Romania in the last years have indicated an increase in the intra-industry trade, and concurrently, a shift towards the commerce in predominantly capital-intensive commodities. While the Linder theorem provides useful insight into the patters of international trade formation, the hypothesis that trade is proportionate with the demand and market similarities expressed by GDP per capita, does not test out for the data available for Romania and its main economic and commercial partners.The political and economic restrictions and opportunities generated by foreign relations in the region can be attributed with the role of trade-creating forces, rather than income similarities on the markets. 
 
Publisher Spiru Haret University
 
Contributor —
 
Date 2016-03-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
text/html
 
Identifier http://ojs.spiruharet.ro/index.php/jedep/article/view/130
10.26458/jedep.v5i1.130
 
Source Journal of Economic Development, Environment and People; Vol 5, No 1 (2016); 52-62
2285-3642
 
Language eng
 
Relation http://ojs.spiruharet.ro/index.php/jedep/article/view/130/pdf
http://ojs.spiruharet.ro/index.php/jedep/article/view/130/html
http://ojs.spiruharet.ro/index.php/jedep/article/downloadSuppFile/130/70
 
Rights Copyright (c) 2016 Tania Georgia Viciu, Larisa Mihoreanu, Carmen Costea
http://creativecommons.org/licenses/by-nc-sa/4.0