The Economic Crisis Impact on Labour Productivity

Borza Mioara () and Mardiros Daniela-Neonila ()
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Borza Mioara: „Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration,
Mardiros Daniela-Neonila: “„Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration,

Ovidius University Annals, Economic Sciences Series, 2010, vol. X, issue 2, 56-61

Abstract: Economic growth and development are notions widely studied in specialized literature, and at the same time with the apparition of disruptive economic phenomena such as an economic or financial crisis, these notions have to be approached in a special way. In this paper we propose to analyze one of the reference aspects with significant contributions to the economic development: the contribution of the industrial workforce to the industry growth. The present analysis is focused to the industrial labour productivity indicator. We chose to make reference to this issue because in the last two years has seen a decrease in the level of production and industrial activity, as a result of measures taken in terms of national character in the context of the financial crisis: layoffs and the decrease of the wage level. The analysis is effectuated on 2007-2010 period of time and refers to the main productive sectors of national industry. On the basis of centralized data processing at the National Institute of Statistics and using the theoretical and methodological information we drew the conclusion that an improperly management of the financial crisis draws an economic crisis, and the phenomenon is done in a closed circle, because the economic crisis impact shows repercussions overall economic sectors of a country

Keywords: crisis; development; labour; economics; industry. (search for similar items in EconPapers)
JEL-codes: E E2 E20 (search for similar items in EconPapers)
Date: 2010
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