Particularities of the Correlation Between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy
AbstractThis paper tries to outline some aspects of the interdependency between the unemployment rate and the GDP rhythm under the specific circumstances of the Romanian economy in the pre-accession period to the EU. The paper presents two methodological versions used in the study of this correlation, namely: the version of the level of the gross domestic product (LGDP) and the version of the growth rate (GR). The implementation of this methodology shows that the reversed connection between the two macroeconomic variables cannot be applied for Romania in the analyzed period. These situations are also proved and the end of the paper presents the way of using the results obtained for the preparation of predictions.
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Bibliographic InfoArticle provided by European Research Studies Journal in its journal European Research Studies Journal.
Volume (Year): XI (2008)
Issue (Month): 4 ()
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unemployment rate; gross domestic product; Okun law;
Other versions of this item:
- Dorel SAVULEA, 2008. "Particularities of the Correlation between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(36), pages 351-358, May.
- A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
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