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- Title
SUSTAINABLE ECONOMIC DEVELOPMENT, ECONOMIC EQUILIBRIUM AND WORK PRODUCTIVITY ON INDUSTRIES OF THE ROMANIAN NATIONAL ECONOMY, 2000-2015.
- Authors
DEACONU, Alecxandrina; GOGU, Emilia; RADU, Cătălina; TUDOR, Monica
- Abstract
In this paper we aimed to take a methodological look at the interdependence between economic results and employed population, as there have been a series of structural changes and serious imbalances related to work productivity across the four industries of the national economy over the last two decades. Following the economic development theories, we tested three hypotheses about economic equilibrium based both on work productivity across the national economy and also on work productivity in each of the four industries as presented in the National Classification of Economic Activities in Romania (CAEN, Rev. 2), with official data of the period 2000-2015.Our findings highlight a series of forms of interdependency across the four industries of the national economy as well as some potential economic sustainability vulnerabilities of the Romanian primary sector, thus forming a solid reasoning for future sustainable economic development.
- Subjects
SUSTAINABLE development; ECONOMIC equilibrium; PRODUCTION (Economic theory); ECONOMICS methodology; ECONOMIC structure
- Publication
Economic Computation & Economic Cybernetics Studies & Research, 2018, Vol 52, Issue 1, p25
- ISSN
0424-267X
- Publication type
Article
- DOI
10.24818/18423264/52.1.18.02