Life Standards in Romania, Labour Costs and Productivity of Material Resources, In the European Context

Cristian-Marian Barbu

International Journal of Academic Research in Business and Social Sciences, 2016, vol. 6, issue 8, 136-145

Abstract: This article focuses, from the standpoint of the local purchase power, on the life standards in Romania and across Europe, emphasizing that one problem in Romania is the productivity of the resources which decreased significantly during the economic boom. The trend of the labour cost per hour and the GDO/ per capita in Romania during the last four years show that the growth reserve of the labour cost per hour has disappeared.

Keywords: Purchase power; productivity of resources; labour cost per hour; GDP/per capita; foreign competitiveness (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:hur:ijarbs:v:6:y:2016:i:8:p:136-145

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