The paper analyzes the evolution of trade specialization in Romania and Bulgaria beginning with the mid-1990s–2012. Methodologically, two statistical methods are applied: cross-section analysis and the Markov chain technique. These… Click to show full abstract
The paper analyzes the evolution of trade specialization in Romania and Bulgaria beginning with the mid-1990s–2012. Methodologically, two statistical methods are applied: cross-section analysis and the Markov chain technique. These methods are used both to establish a link between different distributions of trade specialization indicators in time and to find out if Romania and Bulgaria have mainly specialized in competitive or non-competitive products. Although the main acceding countries to European Union had registered an increasing degree of specialization, our results indicate an opposite trend for the two countries.
               
Click one of the above tabs to view related content.