Employment, productivity, output growth in emerging countries. Evidence from Romania

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Employment, productivity, output growth in emerging countries. Evidence from Romania

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Bocean, Claudiu George
Sitnikov, Cataliana Soriana
Meghisan, Madalina Georgeta

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Abstract

This paper clarifies the links between employment, productivity and output growth and traces prospects for the Romanian economy. Because it always remains true, the “fundamental identity” which relates employment to output and labor productivity is the starting point for this paper. We checked the indirect correlation between employment and GDP growth in Romania. Using the historical trends we extrapolated data to 2015. We think that a low unemployment rate and rapid productivity growth are the hallmarks of a successful emerging economy and thus top priorities of economic policy.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 10694.

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Date of creation: 23 Aug 2008
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Handle: RePEc:pra:mprapa:10694

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Find related papers by JEL classification:
O47 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E27 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation
E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution

This paper has been announced in the following NEP Reports:

NEP-ALL-2008-09-29 (All new papers)
NEP-LAB-2008-09-29 (Labour Economics)
NEP-MAC-2008-09-29 (Macroeconomics)
NEP-TRA-2008-09-29 (Transition Economics)

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