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Statistical Analysis of Correlation Between Gross Domestic Product per Inhabitant and Employment Rate of People by Participation in Economic Activity by Regions

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  • Ligia Prodan

    ()

  • Raluca Georgiana Moscu

    ()

  • Carmen Judith Grigorescu

    ()

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    Abstract

    This article analyzes the evolution of the gross domestic product per inhabitant correlated with the variation of the employment rate by participation in economic activity in the eight development regions of Romania in 2000-2012 period. To achieve the correlation between the two indicators, the article proposes the use of the linear regression model that is the base of many micro and macro analyzes. In this regression model, the gross domestic product per inhabitant is considered as outcome variables and the employment rate in each development region as variable factorial.

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    File URL: http://www.orizonturi.ucdc.ro/arhiva/2014_khe_61_pdf/khe_vol_6_iss_1_47to56.pdf
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    File URL: http://www.orizonturi.ucdc.ro/arhiva/2014_khe_61_pdf/khe_vol_6_iss_1_47to56.pdf
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    Bibliographic Info

    Article provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.

    Volume (Year): 6 (2014)
    Issue (Month): 1 (March)
    Pages: 47-56

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    Handle: RePEc:khe:journl:v:6:y:2014:i:1:p:47-56

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    Related research

    Keywords: Employment rate; Gross Domestic Product per inhabitant; simple regression; model; correlation; variable;

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    1. Bardsen, Gunnar & Eitrheim, Oyvind & Jansen, Eilev S. & Nymoen, Ragnar, 2005. "The Econometrics of Macroeconomic Modelling," OUP Catalogue, Oxford University Press, number 9780199246502.
    2. Taylor, John B, 1979. "Estimation and Control of a Macroeconomic Model with Rational Expectations," Econometrica, Econometric Society, vol. 47(5), pages 1267-86, September.
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