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Successes And Failures In Reforms Implementation Process In The Republic Of Moldova

Author

Listed:
  • Lilia GHITIU
  • Zinovia TOACA
  • Zaharia OLARESCU

Abstract

A brief look on current socio-economic situation of the country denotes its tedious condition as a result of many years of reforms which have come across and which have not been successfully at all. The greatest difference is observable when we compare with other states ‘situation in the region. The paper is based on an analysis of information (data) from the period of 2000-2016 years, delivered by the National Bureau of Statistics on Gross Value Added, salary fund, number of employees and number of working hours per national and branch economy. Also, was used statistical information of other countries in the benchmarking. The research reveals low levels of labor productivity and low wages in the national economy in comparison with countries from the region. The unsatisfactory economic development caused by reforms lack placed the Republic of Moldova on the last places among compared countries. The GDP growth rates registered in the years of independence of our country will not allow a crucial changing of things in the nearest future.

Suggested Citation

  • Lilia GHITIU & Zinovia TOACA & Zaharia OLARESCU, 2018. "Successes And Failures In Reforms Implementation Process In The Republic Of Moldova," Contemporary Economy Journal, Constantin Brancoveanu University, vol. 3(1), pages 105-111.
  • Handle: RePEc:brc:brccej:v:3:y:2018:i:1:p:105-111
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    More about this item

    Keywords

    labor productivity; labor cost; average wage;
    All these keywords.

    JEL classification:

    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • J30 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - General
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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