Abstract:

The sustainable development of the Romanian economy, its objectives should be subordinated to the general worldwide expansion trends of the globalization processes that take place simultaneously with efforts of convergence and integration into the European structures. A characteristic feature of Romanian foreign trade in agricultural products with developing countries is the continuous increasing trend in its proportion in the GDP since 2008 that is also a reflection of the economy opening to the outside. In this respect, the present paper intends to investigate the effects exercised by determinants on Romania’s agricultural imports from the developing countries on the basis of Vector Autoregressive Model - completed in three types of results: impulse response function, forecast error variance decomposition and the Granger causality.