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    STUDIA OECONOMICA - Issue no. 2 / 2015  
         
  Article:   MACROECONOMIC DETERMINANTS OF ROMANIAN INTRA-INDUSTRY TRADE. A STUDY OF KEY CONTRIBUTORS TO EXPORT SALES.

Authors:  .
 
       
         
  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.

JEL classification: F1, C2

Keywords: intra-industry trade, OLS with logistic transformation, fractional logit regression model
 
         
     
         
         
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