A comparative analysis of Romanian and Greek exports in the process of EU-integration

Abstract

This paper provides a comparative analysis of Romanian and Greek exports in the context of EU-integration. The Romanian revealed comparative advantage in exports is investigated by calculating the specialization index. The same indicator is examined in the case of Greece. The evolution of bilateral trade flows between Romania and Greece is addressed further. The current economic crisis poses serious challenges for both countries’ exporters. The impact of the crisis on the structure of Greek exports is compared to Romania’s situation. Subsequently, some conclusions and policy recommendations are issued to improve Romania’s and Greece’s export competitiveness in the following period.