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LINKS BETWEEN MACROECONOMIC KEY VARIABLES AND EMPLOYMENT LEVELS IN ROMANIA

Bocean Claudiu and Mimi Petrisan
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Mimi Petrisan: University of Craiova, Faculty of Economics and Business Administration, Romania

Revista Tinerilor Economisti (The Young Economists Journal), 2007, vol. 1, issue 8, 99-104

Abstract: This paper investigates the presence of a causal relationship between employment levels and key macroeconomic variables in Romania during the period 1990–2005. It shows how macroeconomic policies may be useful in achieving high employment levels, as well as how it might generate adverse outcomes. Starting from a macroeconomic model of labour market I present the effects of the macroeconomic policy measures to the labour market. I think that a low unemployment rate and rapid productivity growth are the hallmarks of a successful economy and thus top priorities of economic policy.

Keywords: macroeconomic policies; employment; economic growth. (search for similar items in EconPapers)
JEL-codes: E00 E60 (search for similar items in EconPapers)
Date: 2007
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