The Relationship between Romanian Exports and Economic Growth after the Adhesion to European Union

Abstract

This paper explores the relationship between the quarterly values of the Romanian exports and of the Gross Domestic Product for the period 2007 – 2014, which was marked by the consequences of the adhesion to European Union and by the global crisis. In this analysis we employ cointegration tests, Vector Autoregression (VAR) and Granger causality techniques. The results indicate no cointegration between the two variables but a causal effect of exports on the Gross Domestic Product.