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CORRELATION BETWEEN ECONOMIC GROWTH AND UNEMPLOYMENT

Authors :
Savu Mihaela
Bursugiu Mihaela
Source :
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie, Vol 3, Iss 3, Pp 195-198 (2013)
Publication Year :
2013
Publisher :
Academica Brâncuşi, 2013.

Abstract

The mankind progress is built on economic growth.Yet, the high rates of economic growth must be properly used and correlated with other macroeconomic indicators in order to get the aimed effects.At the Romanian economic level, there is an inverse ratio connection between the gross domestic product and the unemployed number, a connection of low intensity.The correlation of these two indicators was established using parametric and nonparametric methods of analyzing the statistic connection using the informatic soft. Setting the recession function allows us to calculate the unemployed number depending on the forecasting of the economic growth in Romania.

Details

Language :
English
ISSN :
18447007
Volume :
3
Issue :
3
Database :
Directory of Open Access Journals
Journal :
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
Publication Type :
Academic Journal
Accession number :
edsdoj.506f9f97a6c446d99a0a8145a1ed432f
Document Type :
article