Evolution and consequences of economic crisis in Romania
Evolution and consequences of economic crisis in Romania

Summary/Abstract: The paper treats the main Romania's macroeconomic indicators before and after the economiccrisis began. It is determined a set of correlations of population occupancy level by investment in key sectors.Also, finally, it is determined the Okun's law in Romania. The analysis reveals that a higher occupancy laborwill implicitly lead to an increase in the GDP. On the other hand, the structure and nature of investment inRomania must be redesign, in the purposes of achieving a compromise between technology and creating jobs.An increase in training of the population, fostering integration of graduates (especially those with secondaryand higher education) in the labor market and limit migration will lead to increased investment in highefficiency especially in industry and a highly competitive on foreign markets. Also, a higher labor efficiencywill increase the Okun’s coefficient (1.72 for Romania as compared with 2 in most developed countries) so ahigher potential GDP growth relative to labor.

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