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The Evolution of Economic Disparities in Romania during the COVID-19 Pandemic: A Comparative Analysis of Pre-Existing and Emerging Challenges

Author

Listed:
  • Antonia Mihai

    (1 Bucharest University of Economic Studies, Bucharest, Romania)

  • Simion Luciana

    (2 Bucharest University of Economic Studies, Bucharest, Romania)

Abstract

The COVID-19 pandemic has had significant impacts on Romania, exacerbating existing inequalities in the country. Economic disparities between counties were deepened, with counties with higher GDP per capita and diverse economic activities faring better than those with lower GDP per capita and narrow economic activities. The pandemic also led to a decline in population numbers, with most counties in the historical regions of Muntenia and Moldova experiencing below-average declines. In addition, the pandemic had a significant impact on the average life expectancy in Romania, highlighting the need for targeted policies and interventions to address these regional inequalities. Lastly, the pandemic negatively affected labor force participation rates in Romania, further highlighting the need for policymakers to implement measures to encourage more individuals to enter and remain in the labor market, particularly in regions with lower participation rates.

Suggested Citation

  • Antonia Mihai & Simion Luciana, 2023. "The Evolution of Economic Disparities in Romania during the COVID-19 Pandemic: A Comparative Analysis of Pre-Existing and Emerging Challenges," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 352-363, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:352-363:n:50
    DOI: 10.2478/picbe-2023-0035
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    References listed on IDEAS

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    1. Jonas Schöley & José Manuel Aburto & Ilya Kashnitsky & Maxi S. Kniffka & Luyin Zhang & Hannaliis Jaadla & Jennifer B. Dowd & Ridhi Kashyap, 2022. "Life expectancy changes since COVID-19," Nature Human Behaviour, Nature, vol. 6(12), pages 1649-1659, December.
    2. Linh Tu Ho & Christopher Gan, 2021. "Foreign Direct Investment and World Pandemic Uncertainty Index: Do Health Pandemics Matter?," JRFM, MDPI, vol. 14(3), pages 1-15, March.
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