The New Model of Economic Growth of Oecd Countries - Normative Reference for Romania

Beatrice Chiriac () and Cristina Lincaru
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Beatrice Chiriac: National Scientific Research Institute for Labor and Social Protection – INCSMPS, Romania

HOLISTICA Journal of Business and Public Administration, 2016, vol. 7, issue 1, 43-52

Abstract: In this article we present some intermediary results from the study "New geography of employment in Romania. Spatial perspectives of the labor market". Our interest was focused on the delimitation of theoretical aspects and new normative theory regarding economic growth, used by the Organization for Economic Cooperation and Development countries, for the application of a new model of economic growth. The problems identified in 2000 for which were formulated policies sets dedicated remained and are still persistent, which determined initiating a process of change in these sets of policies. Demographic problems, high unemployment and persistent lack of labor force participation, low productivity, high deficits and public debt and prolonged effects of the financial crisis still affecting the economy and society largely. Additionally, the recent crisis has caused a significant distortion of reforms, removing them from goals. Our article highlights briefly on theoretical elements: concept and types of models of economic growth factors and ways to use the factors of production. The results of OECD Report is a normative reference for the analysis of the above mentioned study. Employment and economic growth are the subject of implementation of reforms in different areas, each country choosing its own model, but the analysis of these results represent a valuable input for Romania.

Keywords: employment; economic growth; models (search for similar items in EconPapers)
JEL-codes: O52 O57 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:urn:urnste:v:7:y:2016:i:1:p:43-52

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