Modelling the Economic Determinants of Unemployment Using the Multiple Linear Regression: a Case Study of Romania

Tiberiu-Cristian Avrămescu ()
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Tiberiu-Cristian Avrămescu: National University of Science and Technology POLITEHNICA Bucharest, Pitesti University Center, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 1, 384-391

Abstract: Unemployment represents a negative phenomenon in almost all countries of the world. It is a complex phenomenon that has multiple causes and important economic and social-human consequences. This paper aims to analyze the correlation between the unemployment rate, respectively the number of unemployed persons and some of the influencing factors. Therefore, we identified the main influencing factors of unemployment in Romania based on an econometric model using the multiple linear regression. This model allows forecasting the future economic trends of the indicators highlighting the level of unemployment. The result showed that the growth rate of the Gross Domestic Product, the volume of foreign direct investments and the exports, as well as the inflation rate are significant factors influencing the unemployment.

Keywords: unemployment; economic growth; investments; exports; inflation (search for similar items in EconPapers)
JEL-codes: C15 E31 F16 J64 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:1:p:384-391

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