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Time Allocation in Economics and the Implications for Economic Development

Author

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  • Nicoleta CARAGEA

    (Ecological University of Bucharest)

Abstract

In a modern and more complex society, in which there are not borders between the professional family and social life of individuals, time should be viewed as an economic resource and it has to be optimized, rationalized and controlled.In this paper I will try to identify the main coordinates and the dominant points of view of economic thinking focused on time allocation, at both national and international level. The paper also presents an analysis of the correlation between time use and economic development, on the basis of some regression models.

Suggested Citation

  • Nicoleta CARAGEA, 2009. "Time Allocation in Economics and the Implications for Economic Development," Romanian Journal of Economics, Institute of National Economy, vol. 29(2(38)), pages 122-141, December.
    • Handle: RePEc:ine:journl:v:2:y:2009:i:29:p:122-141
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    Citations

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    Cited by:

    1. Gao, Ni & Ryan, Mandy & Krucien, Nicolas & Robinson, Suzanne & Norman, Richard, 2020. "Paid work, household work, or leisure? Time allocation pathways among women following a cancer diagnosis," Social Science & Medicine, Elsevier, vol. 246(C).
    2. Partha Pratim DUBE, 2020. "Least Possible Time to Reach Targeted Profit Function under Unitary Transformation," Romanian Journal of Economics, Institute of National Economy, vol. 50(1(59)), pages 05-15, June.
    3. Oana CHINDRIŞ-VĂSIOIU & Carmen UNGUREANU, 2011. "Importance of Economic and Social Cohesion Policy for Romania," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(6), pages 1-11, October.
    4. Nicoleta CARAGEA-HREHORCIUC & Madalina TOCAN, 2011. "European typologies of time use – the social model approach," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 1(6), pages 1-11, October.
    5. Istrate, Georgeta-Marinela & Caragea, Nicoleta, 2010. "Working Time During the Economic Crisis and the Impact on Romanian Working Life," MPRA Paper 45503, University Library of Munich, Germany.
    6. Voineagu, Vergil & Caragea, Nicoleta, 2010. "A New Approach of Time Use in National Economy," MPRA Paper 53206, University Library of Munich, Germany.
    7. Nicoleta Caragea & Carmen Armstrong, 2010. "Time Allocation Differences Among Human Generations In Romania," Perspectives of Innovation in Economics and Business (PIEB), Prague Development Center, vol. 5(2), pages 62-66, June.
    8. Dobre, Ana Maria, 2012. "Intangible assets as a source of competitiveness in the post-crisis economy. The role of trademarks," MPRA Paper 48780, University Library of Munich, Germany.

    More about this item

    Keywords

    time allocation; working time; economic development;
    All these keywords.

    JEL classification:

    • J22 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Time Allocation and Labor Supply

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