STRUCTURAL CHANGES IN THE ROMANIAN ECONOMY 

by Scutaru, Cornelia and Florescu, Ionel
Published in Romanian Journal of Economic Forecasting, 2004, volume 5 issue 2,
38-64

Abstract

The current paper analyzes the transition process from the point of view of the structural changes in the Romanian economy after 1989. The groups of the Exporting sectors and of the Sectors that produce mainly for the domestic market (intermediate consumptions, final consumption and gross fixed capital formation) are considered, using Michael Porterís methodology to assess the competitiveness of the economic sectors: general conditions, demand conditions, support industries, governmental policies. The data come from the Input-Output tables (1989 and 1999). The conclusions reveal important structural changes in this period characterized by economic decline, increase in deficits, inflation and structural imbalances.

Keywords: transition, Input-Output, Michael Porterís methodology
JEL Classification: O14, P20