THE IMPACT OF UNEMPLOYMENT ON ECONOMIC GROWTH IN ROMANIA, DURING THE CRISIS

Lavinia Stefania Totan, Barbu Bogdan Popescu and Silvia Elena Cristache
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Lavinia Stefania Totan: Academy of Economic Studies, Bucharest
Barbu Bogdan Popescu: Academy of Economic Studies, Bucharest
Silvia Elena Cristache: Academy of Economic Studies, Bucharest

Romanian Statistical Review, 2013, vol. 61, issue 6, 32-40

Abstract: The paper identifies the main factors that influence unemployment in Romania based on achieving an econometric model. In terms of the labor market, unemployment is a macroeconomic employment opposite, representing a surplus working population relative to the population likely to be engaged in viable conditions imposed by the market. Unemployment became a problem, with industrial development, since the second half of the eighteenth century, in times of recession, when industrial companies shrinking their production and, therefore, issued a significant number of workers who became unemployed . In Romania, unemployment has its origin in part, and changes in the structure of the national economy, the criterion of efficiency, in order to adapt to the competitive environment.

Keywords: unemeployment; econometric model; employment (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:journl:v:61:y:2013:i:6:p:32-40

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