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The Macroeconomic Impact on Romanians' Quality of Life

Author

Listed:
  • Norina Popovici

    (†Ovidius†University of Constanta)

  • Camelia Mihai

    (†Ovidius†University of Constanta)

  • Ion Devder

    (†Ovidius†University of Constanta)

Abstract

A country’s economy is the main mechanism that requires increased attention, as, based on this machinery, all processes within the respective country function, including trade, production, sales, consumption, technological and educational progress, and it determines whether the respective country is going through a growth period or is in decline. Moreover, the economy dictates the quality of citizens’ life for entire generations, which is why we have to study and understand it per se, especially since we bear scars from events that also occurred for economic reasons, such as wars, financial crises, real estate crises, aggressive inflationary phenomena. In this paper we intend to explain the economic mechanism. The operating principles and its effects over time, respectively its impact on the quality of life and the methods of protection.

Suggested Citation

  • Norina Popovici & Camelia Mihai & Ion Devder, 2019. "The Macroeconomic Impact on Romanians' Quality of Life," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 158-167, December.
    • Handle: RePEc:ovi:oviste:v:xix:y:2019:i:2:p:158-167
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2020/02/Section%20II/13.pdf
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    Citations

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    Cited by:

    1. Ionela Munteanu, 2020. "An Overview of the Business Approach and Labor Costs in the Construction Industry. Case Study: Romania’s Counties by the Sea," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 971-977, December.

    More about this item

    Keywords

    GDP; employment; trade; quality of life;
    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
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E70 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - General
    • F10 - International Economics - - Trade - - - General

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