Forecast of Romanian Industry Employment using Simulation and Panel Data Models

Madalina Ecaterina Andreica () and Marin Andreica ()
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Madalina Ecaterina Andreica: The Bucharest University of Economic Studies, National Scientific Research Institute for Labor and Social Protection
Marin Andreica: The Bucharest University of Economic Studies
Authors registered in the RePEc Author Service: Madalina Ecaterina Popescu

Journal for Economic Forecasting, 2014, issue 2, 130-140

Abstract: In this paper, we have built several panel data models at industry level for the period 2000-2011, by considering the impact of various macroeconomic variables, such as labour cost and average gross earnings, upon employment in Romania. A forecasting scenario was then built to forecast the employment in Romania. The results of the econometric analysis were consistent with the empirical evidence, while the analysis offered relevant inside information about the performances of the economic activities of the Romanian industry.

Keywords: simulation; panel data estimation; employment; industry (search for similar items in EconPapers)
JEL-codes: C15 C23 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2014:i:2:p:130-140

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