The Economic Growth – Employment – Poverty Reduction Nexus in the Romanian Economy

Adina Barbulescu and Emilia Herman
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Adina Barbulescu: West University of Timisoara, Faculty of Economics and Business Administration, Romania
Emilia Herman: Petru Maior University of Tirgu Mures, Faculty of Economics, Romania

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Abstract: A series of studies: Weeks et al., 2006 ; OECD, 2009; Herman, 2014; World Bank, 2014 etc. underline the fundamental idea that creating jobs, increasing employment from both a quantitative, and qualitative-structural point of view, constitutes the most sustainable way to reduce poverty, in general, and in-work poverty, in particular. The results of this research show that, in Romania, in the period 2000-2014, the economic growth has not sufficiently generated productive employment, so that atrisk- of-poverty can be significantly reduced. In order to improve the impact of economic growth on employment and poverty reduction, we consider that, in Romania, it is necessary: on one hand, to improve the structure of employment, so that to assure the employment elasticity increase, and, on the other hand, to reconsider the economic growth model, respectively an economic growth based on investments which favour the economic sectors with a high potential of jobs creation and high productivity, an efficient and inclusive structure of employment by sectors being necessary.

Keywords: economic growth; economic development; employment; poverty; in-work poverty (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:tkp:mklp18:835-843

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