The Services Sector and Employment in Romania

Marian Ionel ()
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Marian Ionel: „Ovidius†University of Constanta, Faculty of Economic Sciences, Romania

Ovidius University Annals, Economic Sciences Series, 2022, vol. XXII, issue 2, 332-336

Abstract: The services sector encompasses all activities in the economy that result in goods in nonmaterial form that satisfy people's basic needs. Without the existence of services an economy cannot function, so today the services sector is a fundamental, primordial sector within an economy. The services sector plays a fundamental role in employment, as this sector is a barometer that indicates the level of development of an economy, and at the same time it is in this sector that the employed population has the largest share. In Romania, the service sector has grown continuously and in this way has been a solution for employment and for reducing the high unemployment caused by industrial restructuring. The aim of this paper is to examine the relationship between the service sector and employment and to highlight the role of this sector in reducing unemployment and increasing employment.

Keywords: services sector; employment (search for similar items in EconPapers)
JEL-codes: L80 L83 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxii:y:2022:i:2:p:332-336

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