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Statistical Modeling of Stochastic Dependences between Variables that Characterize Labor Market in Romania for Taking Relevant Management Decisions for a Competitive and Sustainable Development of Labor Force

Author

Listed:
  • Barbu Bogdan POPESCU

    (The Bucharest University of Economic Studies, Romania)

  • Lavinia ªtefania ÞOÞAN

    (The Bucharest University of Economic Studies, Romania)

  • Silvia Elena CRISTACHE

    (The Bucharest University of Economic Studies, Romania)

Abstract

The labor market is an important component of the entire economic system and for social-economic development. However, the labor market is known as the most inflexible of markets, the existence of the phenomenon of permanent labor mobility. After 1990, the Romanian society has experienced a series of economic and social transformation, new reforms covering all areas of activity. Increasing labor resources was accompanied by a continued reduction in employment and increase in unemployment. The government tried to initiate programs, including external funding to create jobs, but compared to the massive layoffs that occurred following the restructuring of sectors, the number of new jobs created has proved insufficient. The paper presents a multiple regression model for employment and prognosis for this until 2020.

Suggested Citation

  • Barbu Bogdan POPESCU & Lavinia ªtefania ÞOÞAN & Silvia Elena CRISTACHE, 2013. "Statistical Modeling of Stochastic Dependences between Variables that Characterize Labor Market in Romania for Taking Relevant Management Decisions for a Competitive and Sustainable Development of Lab," Economia. Seria Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(2), pages 216-226, December.
    • Handle: RePEc:rom:econmn:v:16:y:2013:i:2:p:216-226
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    References listed on IDEAS

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    1. Cörvers,Frank & Heijke,Hans, 2005. "Forecasting the labour market by occupation and education: Some key issues," ROA Working Paper 001, Maastricht University, Research Centre for Education and the Labour Market (ROA).
    2. Willems, E. J. T. A. & de Grip, A., 1993. "Forecasting replacement demand by occupation and education," International Journal of Forecasting, Elsevier, vol. 9(2), pages 173-185, August.
    3. van Eijs, P.W.L.J., 1994. "Manpower forecasting in the western world: The current state of the art," ROA Research Memorandum 1E, Maastricht University, Research Centre for Education and the Labour Market (ROA).
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    More about this item

    Keywords

    employment; economic development; labor market; analysis.;
    All these keywords.

    JEL classification:

    • J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General

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