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Statistical Analysis of Correlation Between Gross Domestic Product per Inhabitant and Employment Rate of People by Participation in Economic Activity by Regions

Author

Listed:
  • Ligia Prodan
  • Raluca Georgiana Moscu
  • Carmen Judith Grigorescu

Abstract

This article analyzes the evolution of the gross domestic product per inhabitant correlated with the variation of the employment rate by participation in economic activity in the eight development regions of Romania in 2000-2012 period. To achieve the correlation between the two indicators, the article proposes the use of the linear regression model that is the base of many micro and macro analyzes. In this regression model, the gross domestic product per inhabitant is considered as outcome variables and the employment rate in each development region as variable factorial.

Suggested Citation

  • Ligia Prodan & Raluca Georgiana Moscu & Carmen Judith Grigorescu, 2014. "Statistical Analysis of Correlation Between Gross Domestic Product per Inhabitant and Employment Rate of People by Participation in Economic Activity by Regions," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(1), pages 47-56, March.
    • Handle: RePEc:khe:journl:v:6:y:2014:i:1:p:47-56
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    References listed on IDEAS

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    1. repec:dau:papers:123456789/7463 is not listed on IDEAS
    2. Bardsen, Gunnar & Eitrheim, Oyvind & Jansen, Eilev S. & Nymoen, Ragnar, 2005. "The Econometrics of Macroeconomic Modelling," OUP Catalogue, Oxford University Press, number 9780199246502.
    3. Taylor, John B, 1979. "Estimation and Control of a Macroeconomic Model with Rational Expectations," Econometrica, Econometric Society, vol. 47(5), pages 1267-1286, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Employment rate; Gross Domestic Product per inhabitant; simple regression; model; correlation; variable;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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