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Analysis of GDP, Labor and Unemployment evolutions in Romania during the Financial Crisis

Author

Listed:
  • Ilie Margareta,

    (OVIDIUS University from Constanta, Faculty of Economic Sciences)

  • Ilie Constatin

    (OVIDIUS University from Constanta, Faculty of Mechanical, Industrial and Maritime)

Abstract

The present paper aims to reveals the result of a graphical analysis made over the Standardized unemployment (SER), Total employment (TEM), Gross domestic product at market price (GDP), Labor Productivity (LPR). The time period covered the quarterly values recorded from years 2000 to 2013 (second quarter) for Romania. The methodology used is graphical analysis considering the evolutions of each of the four indicators recorded and their trends. The main objective was to determine the influence of the financial crisis over the GDP and the employment. The analysis showed that the most influenced indicator was the unemployment and even that the other three ones were somehow influenced their evolution was slightly affected. The conclusion reveals that the way how the indicators are influenced by the financial crisis

Suggested Citation

  • Ilie Margareta, & Ilie Constatin, 2014. "Analysis of GDP, Labor and Unemployment evolutions in Romania during the Financial Crisis," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 214-217, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:214-217
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    More about this item

    Keywords

    unemployment; GDP; labor productivity; trends.;
    All these keywords.

    JEL classification:

    • 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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