Particularities of the Correlation between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy

Dorel Savulea

Annals of University of Craiova - Economic Sciences Series, 2008, vol. 1, issue 36, 351-358

Abstract: This paper tries to outline some aspects of the interdependency between the unemployment rate and the GDP rhythm under the specific circumstances of the Romanian economy in the pre-accession period to the EU. The paper presents two methodological versions used in the study of this correlation, namely: the version of the level of the gross domestic product (LGDP) and the version of the growth rate (GR). The implementation of this methodology shows that the reversed connection between the two macroeconomic variables cannot be applied for Romania in the analyzed period. These situations are also proved and the end of the paper presents the way of using the results obtained for the preparation of predictions.

Keywords: unemployment rate; gross domestic product; Okun law. (search for similar items in EconPapers)
JEL-codes: E00 E24 (search for similar items in EconPapers)
Date: 2008
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Journal Article: Particularities of the Correlation Between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2008:i:11:p:351-358

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