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Analysis Of Correlation Between The Unemployment Rate And Gross Domestic Product In The European Union

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  • Cioca Ionela Cornelia

    (“1Decembrie 1918” University of Alba Iulia,)

Abstract

Vacancies, unemployment, wage levels and labor costs do not only affect a country's economy by lowering the Gross Domestic Product, but every person’s life. The purpose of this paper is to analyze the Gross Domestic Product and unemployment rate in the European countries for the period 2005-2011. To perform the analysis, official data from Eurostat, National Statistical Institute and the National Agency for Employment in Romania were taken. The research objectives are to analyze the two indicators for 27 European countries, including Romania. The indicators obtained by Romania were analyzed and compared to the indicators registered by other countries. The expected results consist of establishing a link between GDP and unemployment rate. This link and the intensity of the link will be established by calculating and analyzing the correlation indicator

Suggested Citation

  • Cioca Ionela Cornelia, 2013. "Analysis Of Correlation Between The Unemployment Rate And Gross Domestic Product In The European Union," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 7(1), pages 71-78, June.
    • Handle: RePEc:pcz:journl:v:7:y:2013:i:1:p:71-78
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    References listed on IDEAS

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    More about this item

    Keywords

    Gross domestic product; unemployment; unemployment rate;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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