EuroEconomica, Vol 35, No 2 (2016)

Growth, trade, investments and R&D expenditures: analysis of the nexus

Marius Răzvan Surugiu, Camelia Surugiu


The purpose of this paper is to investigate the relationship between economic growth, trade, investments, and R&D expenditures. An important type of trade is introduced in analysis, namely intra-industry trade, in order to underline the influence on growth, associated in literature with good growth performance. Aspects related to trade and the relationships between Romania and 13 countries (Austria, Belgium, Bulgaria, Czech Republic, Finland, France, Germany, Hungary, Italy, Poland, Portugal, Slovakia, and Spain) are underlined. These countries were chosen considering the volume of intra-industry trade with Romania. Based on econometric calculations for the period 1995-2012, the determinants of the economic growth are highlighted.


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