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Dumitru MIRON
Academia de Studii Economice din Bucureşti
Anca TAMAŞ
Academia de Studii Economice din Bucureşti
The aim of the paper is to find out the drivers of the Romanian car exports between 2007 and 2018 using the gravity model. The panel data method was used in order to handle the heteroskedasticity problem. The sample includes 12 years and 117 countries. The traditional variables of the gravity model, the partner country market size, measured by the GDP, the distance between Romania and the receiving country, sharing a common border, speaking the same language and EU membership, have the expected signs, negative for the distance and positive for the other ones and the expected values. The rate of employment and the inflation of the partner country are not significant in the model. The corruption control has a negative influence in the model, so the political decedents should focus on reducing the corruption in order to increase the car exports. The study brings a valuable insight on the Romanian car exports. The trade freedom and the trade openness of the partner countries prove to be the major drivers of the Romanian car exports. Because of the lack of data, the car exports before Romania became an EU member cannot be analysed. Further research is needed regarding car imports and bilateral trade.
ŒCONOMICA no. 3-4/2020
Keywords: gravity model, Romanian car export flows
JEL: C33, F14
The Drivers of the Romanian Car Exports Are Changing Fast. A Gravity Model Approach
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Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
Delia-Raluca ŞANCARIUC
Academia de Studii Economice din Bucureşti
Dragoş Cosmin Lucian PREDA
Academia de Studii Economice din Bucureşti
Alexandru-Florin PREDA
Academia de Studii Economice din Bucureşti
Petru-Răsvan IATAN
Academia de Studii Economice din Bucureşti
Hesam JEBELI-BAKHT-ARA
Academia de Studii Economice din Bucureşti
Revista ŒCONOMICA
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