IDEAS home Printed from https://ideas.repec.org/a/dug/journl/y2015i2p161-189.html
   My bibliography  Save this article

Evolution and consequences of economic crisis in Romania

Author

Listed:
  • Gina IOAN

    (Danubius University)

  • Catalin Angelo IOAN

    (Danubius University)

Abstract

The paper treats the main Romania's macroeconomic indicators before and after the economic crisis began. It is determined a set of correlations of population occupancy level by investment in key sectors. Also, finally, it is determined the Okun's law in Romania. The analysis reveals that a higher occupancy labor will implicitly lead to an increase in the GDP. On the other hand, the structure and nature of investment in Romania must be redesign, in the purposes of achieving a compromise between technology and creating jobs. An increase in training of the population, fostering integration of graduates (especially those with secondary and higher education) in the labor market and limit migration will lead to increased investment in high efficiency especially in industry and a highly competitive on foreign markets. Also, a higher labor efficiency will increase the Okun’s coefficient (1.72 for Romania as compared with 2 in most developed countries) so a higher potential GDP growth relative to labor.

Suggested Citation

  • Gina IOAN & Catalin Angelo IOAN, 2015. "Evolution and consequences of economic crisis in Romania," EuroEconomica, Danubius University of Galati, issue 2(34), pages 161-189, November.
    • Handle: RePEc:dug:journl:y:2015:i:2:p:161-189
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/euroeconomica/article/view/2511
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Laura Patache & Claudiu Chiru & Iuliana Pârvu, 2021. "Study On Romanian Regional Convergence Under The Impact Of The Health Crisis," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 15(2), pages 37-52, DECEMBER.

    More about this item

    Keywords

    GDP; unemployment; Okun.;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:journl:y:2015:i:2:p:161-189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Florian Nuta (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.