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DETERMINANTS OF POVERTY IN ROMANIA

Claudia Andreea Urean, Gabriela Mihaela Muresan and Gabriel Armean
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Claudia Andreea Urean: BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA
Gabriela Mihaela Muresan: BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA
Gabriel Armean: ECONOMETRIE ET STATISTIQUE APPLIQUEE, UNIVERSITED'ORLEANS, FRANCE; BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA

Annals - Economy Series, 2017, vol. 4, 204-210

Abstract: Romania is one of the poorest countries in Europe. The purpose of this investigation is to determine which factors influence the magnitude of this socio-economic phenomenon. Current availability of data from National Institute of Statistics ensures our sample. We apply a panel data analysis of regional development: North-East, South-East, South, South-West, West, North-West, Centre and Bucharest-Ilfov to understand how Romania can reduce poverty. The authors found a direct link between relative poverty rate and education. In addition, the negative relationship between poverty and pensioners shows the importance of a good government policies. In this context, we propose to focus our attention on the needs of people. Education can be an important determinat of national development, on the other slide, educated people are more willing to understand the role of pension system.

Keywords: Romania; development regions; poverty; education; panel analysis (search for similar items in EconPapers)
Date: 2017
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