A Look at the Trend and Features of the Romanian Current Account over the Past Years
The balance of the current account provides the possibility of assessing the level of economic development of a country, its degree of foreign dependence and the international specialization of each economy. This article2 aims to analyze the evolution of the Romanian current account balance and o...
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| Format: | Article |
| Language: | English |
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Danubius University
2017-12-01
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| Series: | Acta Universitatis Danubius: Oeconomica |
| Subjects: | |
| Online Access: | http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4415/4322 |
| Summary: | The balance of the current account provides the possibility of assessing the level of
economic development of a country, its degree of foreign dependence and the international
specialization of each economy. This article2 aims to analyze the evolution of the Romanian current
account balance and of some of its components during the period 2013-2016, showing the
determinants and some of the factors influencing Romania‘s current account. Also, there are analysed
the ways of financing the Romanian current account deficit, highlighting the advantages and
disadvantages of this financing structure. The research methods used consist in comparative analysis
in time, qualitative and quantitative evaluations, interpretations and correlations. The analysis shows
that the services sector has developed, which increased the surplus of the services subaccount.
Another result highlights that currently, the evolution of the current account deficit is sustainable in
Romania. Also, the author concludes that the current account deficit of Romania has been and is still
financed mainly from inflows of foreign direct investments. |
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| ISSN: | 2065-0175 2067-340X |