The Impact Of Unemployment on Economic Growth in Romania, During the Crisis

• Main Authors: Lavinia Ştefania Ţoţan, Barbu Bogdan Popescu, Silvia Elena Cristache
• Format: Article
• Language: English
• Published: Romanian National Institute of Statistics 2013-07-01
• Series: Revista Română de Statistică
• Subjects: econometric model; employment; unemployment
• Online Access: http://www.revistadestatistica.ro/wp-content/uploads/2014/02/rrs_06_2013_a3en.pdf

The paper identifies the main factors that influence unemployment in Romania based on achieving an econometric model. In terms of the labor market, unemployment is a macroeconomic employment opposite, representing a surplus working population relative to the population likely to be engaged in viable conditions imposed by the market. Unemployment became a problem, with industrial development, since the second half of the eighteenth century, in times of recession, when industrial companies shrinking their production and, therefore, issued a significant number of workers who became unemployed . In Romania, unemployment has its origin in part, and changes in the structure of the national economy, the criterion of efficiency, in order to adapt to the competitive environment.