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Links Between Macroeconomic Key Variables And Employment Levels In Romania

Author

Listed:
  • Bocean Claudiu
  • Mimi Petrisan

    (University of Craiova, Faculty of Economics and Business Administration, Romania)

Abstract

This paper investigates the presence of a causal relationship between employment levels and key macroeconomic variables in Romania during the period 1990–2005. It shows how macroeconomic policies may be useful in achieving high employment levels, as well as how it might generate adverse outcomes. Starting from a macroeconomic model of labour market I present the effects of the macroeconomic policy measures to the labour market. I think that a low unemployment rate and rapid productivity growth are the hallmarks of a successful economy and thus top priorities of economic policy.

Suggested Citation

  • Bocean Claudiu & Mimi Petrisan, 2007. "Links Between Macroeconomic Key Variables And Employment Levels In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(8), pages 99-104, April.
    • Handle: RePEc:aio:rteyej:v:1:y:2007:i:8:p:99-104
    as

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    File URL: http://feaa.ucv.ro/RTE/008-13.pdf
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    References listed on IDEAS

    as
    1. Blanchard, Olivier & Wolfers, Justin, 2000. "The Role of Shocks and Institutions in the Rise of European Unemployment: The Aggregate Evidence," Economic Journal, Royal Economic Society, vol. 110(462), pages 1-33, March.
    2. Paula Barnes & Rick Johnson & Anthony Kulys & Scott Hook, 2002. "Productivity and the structure of employment," Labor and Demography 0207006, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    macroeconomic policies; employment; economic growth.;
    All these keywords.

    JEL classification:

    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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