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Particularities of the Correlation Between the Unemployment Rate and the GDP in the Dynamics of the Romanian Economy

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  • Dorel Savulea

Abstract

This 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 Info

Article provided by European Research Studies Journal in its journal European Research Studies Journal.

Volume (Year): XI (2008)
Issue (Month): 4 ()
Pages: 111-

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Handle: RePEc:ers:journl:v:xi:y:2008:i:4:p:111

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Keywords: unemployment rate; gross domestic product; Okun law;

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