ECONOMIC GROWTH AND JOBLESS RECOVERY AS INSTITUTIONAL ISSUE
-
Authors:
• PhD. Student Cornelia DUMITRU, Scientific Researcher , email: cornelia.dumitru@gmail.com, Afiliation: Institute of National Economy-NIER, Romanian AcademyPages:
• 9|22 -
Keywords: institutions, institutional arrangements, labour market, employment rate, unemployment
-
Abstract:
The multiple crises of the period 2008-2012 increased the uncertainties and asymmetries on the labour market which were generated by the technological progress that triggered the undergoing gradual change of the entire economy. Jobless recovery may be associated with regional or national economic factors and with the specifics of the local market. The paper presents a brief analysis of the asymmetries and risks on the Romanian labour market from a comparative perspective with EU-28 by discussing over the necessity of innovative institutional approaches at national and European level.The multiple crises of the period 2008-2012 increased the uncertainties and asymmetries on the labour market which were generated by the technological progress that triggered the undergoing gradual change of the entire economy. Jobless recovery may be associated with regional or national economic factors and with the specifics of the local market. The paper presents a brief analysis of the asymmetries and risks on the Romanian labour market from a comparative perspective with EU-28 by discussing over the necessity of innovative institutional approaches at national and European level.
