Econometrical and statistical models applied to the study of the evolution of the number of unemployed people in Romania

Abstract:

The labour market is a dynamic one, the labour suppliers entering and leaving unemployment at a remarkable rate, which helps explaining and understanding more profoundly unemployment as a phenomenon. Labour force, the main source of the economy, its support, implicitly unemployment reduction, represents the most important aim of each country’s (so implicitly Romania’s) economic policy. The numeric and structural evolution on sex or the main existing categories at the level of Romania’s economy is analysed by applying some statistical methods which include average evolution indicators, structural or econometrical indicators as methods of the linear trend, which involves using the smallest squares method, applied in Excel through the ANOVA software. The study of the evolution and the structure of the numbers of unemployed people was done by using statistical data provided by the National Institute of Statistics and is necessary in view of sketching some strategies of limiting inflation in Romania.