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Determinants Of Poverty In Romania

Author

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  • CLAUDIA ANDREEA UREAN

    (BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA)

  • GABRIELA MIHAELA MURESAN

    (BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA)

  • GABRIEL ARMEAN

    (ECONOMETRIE ET STATISTIQUE APPLIQUEE, UNIVERSITED'ORLEANS, FRANCE; BABES-BOLYAI UNIVERSITY, CLUJ-NAPOCA, ROMANIA)

Abstract

Romania is one of the poorest countries in Europe. The purpose of this investigation is to determine which factors influence the magnitude of this socio-economic phenomenon. Current availability of data from National Institute of Statistics ensures our sample. We apply a panel data analysis of regional development: North-East, South-East, South, South-West, West, North-West, Centre and Bucharest-Ilfov to understand how Romania can reduce poverty. The authors found a direct link between relative poverty rate and education. In addition, the negative relationship between poverty and pensioners shows the importance of a good government policies. In this context, we propose to focus our attention on the needs of people. Education can be an important determinat of national development, on the other slide, educated people are more willing to understand the role of pension system.

Suggested Citation

  • Claudia Andreea Urean & Gabriela Mihaela Muresan & Gabriel Armean, 2017. "Determinants Of Poverty In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 204-210, August.
    • Handle: RePEc:cbu:jrnlec:y:2017:v:4:p:204-210
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    References listed on IDEAS

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    1. Mr. Francesco Grigoli & Alexander Herman & Klaus Schmidt-Hebbel, 2014. "World Saving," IMF Working Papers 2014/204, International Monetary Fund.
    2. Lakshmi Iyer & Petia Topalova, 2014. "Poverty and Crime: Evidence from Rainfall and Trade Shocks in India," Harvard Business School Working Papers 14-067, Harvard Business School, revised Aug 2014.
    3. Awan, Masood Sarwar & Malik, Nouman & Sarwar, Haroon & Waqas, Muhammad, 2011. "Impact of education on poverty reduction," MPRA Paper 31826, University Library of Munich, Germany.
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