Romania : Selected Issues and Statistical Appendix

1ROMEA2006002 Image
Price:  $15.00

Release Date: © May, 2006
ISBN : 978-1-45183-286-0
Stock #: 1ROMEA2006002
English
Stock Status: On back-order

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Description

This Selected Issues and Statistical Appendix paper assesses Romania’s external competitiveness by reviewing recent developments in a range of standard indicators and estimating equilibrium real exchange rates. The results suggest that, although Romania’s historical cost advantage vis-à-vis trading partners has eroded since end-2004, on account of a strong real exchange rate appreciation, some undervaluation still remains. Furthermore, evidence suggests that the recent weak output and export performance in some of the traditional exporting sectors mainly reflects the transition toward higher value-added products.

Taxonomy

Balance of trade , Consumption , Economic development , Economic policy , Exports , Fiscal policy , Imports , Inflation , International trade , Investment , Labor market , Monetary policy , Wages




More publications in this series: IMF Staff Country Reports