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Romanian Automotive Sector Amid Covid-19 Pandemic Crisis: Impact On Production And Productivity

Author

Listed:
  • Maria Daniela BONDOC

    (Faculty of Economics and Law, University of Pitesti, Romania)

  • Filofteia Georgiana JUCATORU

    (Faculty of Economics and Law, University of Pitesti, Romania)

Abstract

For more than eight months, the global economy has been challenged to cope with an unprecedented health crisis affecting both individuals and businesses. The pandemic generated by the COVID-19 virus has rapidly spread globally and continues to strongly threaten the entire economy. After tourism, the automotive sector suffers the most. The analysis proposed in this paper aims at comparisons between the level of some economic indicators in the Romanian automotive sector (production, average number of directly productive staff, productivity) in 2020 and 2019 to highlight the impact of the state of emergency and then the state of alert established at national level due to the COVID-19 pandemic. The car market has been hit hard by the crisis of this pandemic, and there has been a sharp decline in production and sales. The automotive industry is one of the key components of the global economy, and the downturn has affected and will severely affect society as a whole.

Suggested Citation

  • Maria Daniela BONDOC & Filofteia Georgiana JUCATORU, 2020. "Romanian Automotive Sector Amid Covid-19 Pandemic Crisis: Impact On Production And Productivity," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 19(3), pages 71-78.
    • Handle: RePEc:pts:journl:y:2020:i:3:p:71-78
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    References listed on IDEAS

    as
    1. Bolesław Domański & Robert Guzik & Krzysztof Gwosdz & Magdalena Dej, 2013. "The crisis and beyond: the dynamics and restructuring of automotive industry in Poland," International Journal of Automotive Technology and Management, Inderscience Enterprises Ltd, vol. 13(2), pages 151-166.
    2. Lucia Mýtna Kureková, 2018. "The automotive industry in Central Europe: A success?," IZA World of Labor, Institute of Labor Economics (IZA), pages 448-448, September.
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    More about this item

    Keywords

    Automotive sector; COVID-19 economic impact; Economic indicators.;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • G01 - Financial Economics - - General - - - Financial Crises
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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