Abstract:

Romania’s foreign trade signifies a large system of trade and financial relations that connect economic operators having complementary interests and coming from different national economies. The sum of the “feedback” and “feedbefore” expansions is a trend captured by the foreign payment balance that reflects the way in which our country pays its own way in international trade and also the way the national currency evolves on the currency market. The present paper intends to investigate the effects exercised by domestic absorption and RON/EUR exchange rate on Romania’s agricultural imports on the basis of Johansen and Juselius multivariate cointegration procedure (1990).