The Dynamics of Traded Industries In Between 2008-2014

During the last two decades a great number of studies have analyzed the industrial specialization and spatial concentration of specific industries, considering that the two phenomena closely interrelated: the geographic concentration of economic activities representing a territorial approach that describes the distribution of economic activities within a well-defined geographical area, while regional specialization expresses the weight of a certain sector in the regional economy. At the same time regional specialization is a good indicator of the competitive advantages a region possesses in producing different goods or services, making the best use of the local resources compared to other territories. The present study will analyze the importance and perspectives of traded- vs. local industries in the case of Romania during the 2008-2014 period.