THE IMPACT OF THE ECONOMIC CRISIS ON THE ROMANIAN LABOR MARKET - A REGIONAL ANALYSIS
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Ioana Bilbie: Academy of Economic Studies, Bucharest
Revista Economica, 2012, vol. Supplement, issue 1, 95-104
The global financial recession reconfigured the economical structures of many countries and in this context the labor markets all around the world faced major salary cuts and job losses. The Romanian economy wasn`t an exception, and for a better understanding of its labor structures we have analyzed the interactions between some of the most representative and measurable indicators using a regional econometric model. The results show that the dynamics of the labor market changed once the economic crisis was installed and are still continuing to modify since the magnitude of this global phenomena was very powerful.
Keywords: labor market; wages; productivity; unemployment; economic crisis (search for similar items in EconPapers)
JEL-codes: J21 J31 J64 (search for similar items in EconPapers)
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