Investment and Employment - Drivers of European Economic Development

Cristina Burghelea and Mihai Vuta
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Cristina Burghelea: Hyperion University, Bucharest, Romania
Mihai Vuta: Hyperion University, Bucharest, Romania

Economics and Applied Informatics, 2017, issue 1, 59-69

Abstract: The economic literature and related specialty practice, the development of the European Economic Community along with the factors determining them (such investments and staff) represents a topic that is of great notoriety. This paper shows the role and influence that direct investment in the economy and employment ratio can propagate in the growth of gross domestic product per capita to ensure increased economic sustainability of countries in the European Community. The most important economic effects of FDI on the host economy can be represented by labor productivity growth through knowledge transfer (know-how) technology, management skills and marketing term in countries emerging favor progress technological and economic growth. To determine this goal, in the context of economic logic, this research shows the importance of gross domestic product, total and per capita, as a macroeconomic indicator synthetic, and encouraging and using the action of factors that can also provide political steps, organizational and financial, achieving levels attesting social progress and prosperity. The study highlights a Custom Analysis on gross domestic product per capita, direct investment and the proportion of people employed in total for 24 European Union countries in 2014 and also develop an econometric model multifactorial based on system statistics. Research shows utility in making decisions about investment growth in the European Community by attracting a workforce that is in full compliance with state investment policies and by providing a high living standard.

Keywords: GDP per capita; Direct investment; Employment (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2017:i:1:p:59-69

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