Statistical Modeling of Stochastic Dependences between Variables that Characterize Labor Market in Romania for Taking Relevant Management Decisions for a Competitive and Sustainable Development of Labor Force

Barbu Bogdan Popescu (), Lavinia ªtefania Þoþan () and Silvia Elena Cristache ()
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Barbu Bogdan Popescu: The Bucharest University of Economic Studies, Romania
Lavinia ªtefania Þoþan: The Bucharest University of Economic Studies, Romania
Silvia Elena Cristache: The Bucharest University of Economic Studies, Romania

Economia. Seria Management, 2013, vol. 16, issue 2, 216-226

Abstract: The labor market is an important component of the entire economic system and for social-economic development. However, the labor market is known as the most inflexible of markets, the existence of the phenomenon of permanent labor mobility. After 1990, the Romanian society has experienced a series of economic and social transformation, new reforms covering all areas of activity. Increasing labor resources was accompanied by a continued reduction in employment and increase in unemployment. The government tried to initiate programs, including external funding to create jobs, but compared to the massive layoffs that occurred following the restructuring of sectors, the number of new jobs created has proved insufficient. The paper presents a multiple regression model for employment and prognosis for this until 2020.

Keywords: employment; economic development; labor market; analysis. (search for similar items in EconPapers)
JEL-codes: J20 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:econmn:v:16:y:2013:i:2:p:216-226

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