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The development of the Moldovan-Greek economic relations: hindrances and opportunities

Author: Cazacu Stela
Degree:doctor of economics
Speciality: 08.00.14 - World Economy; International Economic Relations
Scientific adviser: Svetlana-Zorina Şişcan
doctor habilitat, associate professor (docent), Academy of Economic Studies of Moldova
Institution: Moldova State University


The thesis was presented on the 28 September, 2018
Approved by NCAA on the 25 January, 2019


Adobe PDF document1.23 Mb / in romanian
Adobe PDF document1.20 Mb / in english


CZU 339.92(478+495)

Adobe PDF document 5.79 Mb / in english
207 pages


internat ional economic relat ions, trade, foreign direct investments, tourism, migration, technology transfer, bilateral economic flows, gravity theory, opportunity, hindrance, mechanism


The year of issuance: 2018 Thesis structure: annotation, introduction, three chapters, conclusions and recommendations, bibliography (189 tit les), 147 pages of basic text, 39 figures, 12 tables and 21 annexes. The results of the research were presented at 7 national and international conferences and were published in 15 scient ific articles.

Field of research: Specialty 521.02 - World Economy; International Economic Relations. The purpose and objectives of the thesis. The aim of the thesis consists in the analysis of the evolution of Moldovan-Greek economic relations, focused on bilateral trade, foreign direct investments and tourism, as well as in the determinat ion of the opportunit ies and hindrances of those relations and, on this basis, the elaboration of mechanisms for the development of bilateral economic relat ions, as part of European integratio n endeavor. In order to attain this goal, the fo llo wing objectives were set: ident ificat ion, critical analysis and systemat izat ion o f methodological frame for explaining bilateral trade, foreign direct investment and international tourism theories and their applicabilit y for establishing economic relat ions between Moldova and Greece; assessment of the evolution of Moldovan-Greek relations and description of their legal and institutional frames; analysis of the current Moldovan-Greek trade, FDI and tourism flows; identification of opportunities and hindrances for the development of economic relations between the two countries; suggestion of mechanisms that would improve the economic relations between the two countries.

Scientific novelty and originality of obtained results consists in elaboration of the theoretical and methodological premises for the research on the evolution of Moldovan-Greek economic relations with focus on the most intense forms, such as bilateral trade, foreign direct investments and international tourism; identification of a modern theory in evaluating bilateral economic flows (i.e. gravity theory) and its application in the evaluation of the Moldovan-Greek economic flows; determination of the complementary economic specializations of Moldova and Greece; application of the destination image theory in evaluating the Greek and Moldovan image among the Moldovan and Greek consumers using Bozbay and Ozen model; measurement of Moldovan and Greek consumer ethnocentric tendencies; evaluation of the the factors that affect the tourism flows from Moldova to Greece and vice versa, by means of Bruce Prideaux theoretical framework; evaluation of the FDI flows from Greece to Moldova on the basis of a sociological study.

The important scientific problem solved in the investigated field consists in the determinat ion of the methodological prerequisites for the research of the evolut ion of the Moldovan-Greek economic relat ions, having as an effect the identification o f the obstacles and opportunit ies to ensure several mechanisms that would contribute to the development of these relations in the context of the European economic integration.

The theoretical importance and the applicative value of the thesis consist in the elaboration of theoretical and practical recommendations for the development of economic relations between Moldova and Greece as part of Moldova’s European integration endeavour.

Implementation of the scientific results: The recommendations given in this thesis have been implemented by the National Association of Tourism Agencies of Moldova, by MIEPO, by Perrotis College from Greece for its MSc courses and by Paradis-Tur Agency from Moldova.