CORRELATION BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT

Savu Mihaela and Bursugiu Mihaela
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Savu Mihaela: Constantin Brancoveanu University, Pitesti, Romania
Bursugiu Mihaela: Constantin Brancoveanu University, Pitesti, Romania

Annals - Economy Series, 2013, vol. 3, 195-198

Abstract: The mankind progress is built on economic growth.Yet, the high rates of economic growth must be properly used and correlated with other macroeconomic indicators in order to get the aimed effects.At the Romanian economic level, there is an inverse ratio connection between the gross domestic product and the unemployed number, a connection of low intensity.The correlation of these two indicators was established using parametric and nonparametric methods of analyzing the statistic connection using the informatic soft. Setting the recession function allows us to calculate the unemployed number depending on the forecasting of the economic growth in Romania.

Keywords: economic growth; the unemployed number; recession (search for similar items in EconPapers)
Date: 2013
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