IDEAS home Printed from https://ideas.repec.org/a/blg/journl/v10y2015i3p41-51.html
   My bibliography  Save this article

Employment Dynamics In Romania After The Crisis. A Global Value Chains Perspective

Author

Listed:
  • MĂRGINEAN Silvia

    (Lucian Blaga University of Sibiu, Romania)

Abstract

After the 2008-2009 crisis, the challenge of understanding the mechanisms and structure of the world economy has begun to generate different approaches of economic globalization. This article uses Global Value Chain framework to examine the impact of the crisis on sectorial employment for six selected industries from Romania (Basic Metals and Fabricated Metal, Electrical and Optical Equipment, Transport Equipment, Machinery, Textiles and Textile Products, Chemicals and Chemical Products). With more than 70% of Romanian exports, and almost 14% of the employees these were the main real transmission channels for the crisis, other than financial markets. The study found that dynamic of the employment in these sectors has a different pattern than the national one. Employment in the sectors which are parts of Global Value Chains was very sensitive to global crisis: the average number of employees dropped by 15% in 2009 (comparing to 10% - the percentage for the whole economy) but they didn’t follow the national recovery trend (in 2013 the total number of employees increased by more than 11% in Romania but the numbers stayed almost the same in the six selected industries). These findings suggest that Romania need to understand the specificity of these trends and to use the right policy tools in order to achieve economic growth and development through participation in Global Value Chains.

Suggested Citation

  • MĂRGINEAN Silvia, 2015. "Employment Dynamics In Romania After The Crisis. A Global Value Chains Perspective," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 10(3), pages 41-51, December.
  • Handle: RePEc:blg:journl:v:10:y:2015:i:3:p:41-51
    as

    Download full text from publisher

    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/1034marginean.pdf
    Download Restriction: no

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:blg:journl:v:10:y:2015:i:3:p:41-51. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Mihaela Herciu). General contact details of provider: http://edirc.repec.org/data/feulbro.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.