IDEAS home Printed from
   My bibliography  Save this article

Medium Term Projections of Demand for Labor With Higher Education and of Employed Population in Romania


  • Ion Ghizdeanu


  • Dorin Jula


  • Marioara Iordan


  • Mihaela Nona Chilian


  • Tiberiu Diaconescu

    () ("Dimitrie Cantemir" Christian University)


The projection model of demand for labor with higher education (MCFMSS) and medium-term forecasts make a consistent pattern, circumscribed to the standard macroeconomic theories, which adequately reflect the peculiarities of the Romanian economy and generates plausible results. Due to its complexity, the model is a true macromodel which relates the economic growth forecast with that of growth in employment in a detailed structure. The model has as the main exogenous variables the economy-wide GDP and gross value added by sectors. Starting from a Cobb-Douglas production function, the model proposes a growth scenario of employed population mainly to achieve the Europe 2020 objectives, based on the growth of activity rate, on a moderate GDP growth and on lower unemployment. Three scenarios were considered for all exogenous variables - reserved, moderate and optimistic, the moderate scenario being preferred because the data sets used were short.

Suggested Citation

  • Ion Ghizdeanu & Dorin Jula & Marioara Iordan & Mihaela Nona Chilian & Tiberiu Diaconescu, 2013. "Medium Term Projections of Demand for Labor With Higher Education and of Employed Population in Romania," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 112-118, June.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:2:p:112-118

    Download full text from publisher

    File URL:
    Download Restriction: no

    File URL:
    Download Restriction: no

    More about this item


    Labor demand; labor projection models; GDP and VAB forecast; employed population forecast;

    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
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration


    Access and download statistics


    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:khe:journl:v:5:y:2013:i:2:p:112-118. 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: (Adi Sava). General contact details of provider: .

    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.