ANALYSIS OF CORRELATION BETWEEN THE UNEMPLOYMENT RATE AND GROSS DOMESTIC PRODUCT IN THE EUROPEAN UNION
Journal Title: Polish Journal of Management Studies - Year 2013, Vol 2013, Issue 7
Abstract
Vacancies, unemployment, wage levels and labor costs do not only affect a country's economy by lowering the Gross Domestic Product, but every person’s life. The purpose of this paper is to analyze the Gross Domestic Product and unemployment rate in the European countries for the period 2005-2011. To perform the analysis, official data from Eurostat, National Statistical Institute and the National Agency for Employment in Romania were taken. The research objectives are to analyze the two indicators for 27 European countries, including Romania. The indicators obtained by Romania were analyzed and compared to the indicators registered by other countries. The expected results consist of establishing a link between GDP and unemployment rate. This link and the intensity of the link will be established by calculating and analyzing the correlation indicator.<br/><br/>
Authors and Affiliations
Cioca Cornelia
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