Volume 3, ISSUE1/2012 - Review of Applied Socio-Economic ...

ISSN: 2247-6172
ISSN-L: 2247-6172
Review of Applied Socio- Economic Research
(Volume 3, Issue 1/ 2012 ), pp. 53
URL: http://www.reaser.eu
e-mail: editors@reaser.eu
decrease of the economic growth, employed population and an accelerated increase of the unemployment
rate.
The economic imbalances determined transnational corporations to limit their activities, to quit their
business expansion plans, their decisions influencing the workforce employment, the total and structural (by
gender and youth) unemployment rates.
The econometric analysis performed emphasizes the strong correlation between FDI and unemployment
rate dynamic in the host country, revealing the favorable impact exerted by foreign capital on the dependent
variable.
The labor market and dynamic of FDI flows are significantly influenced by the current economic crisis
in terms of characteristics deterioration, highlighting a considerable decrease of foreign capitals through
worsening evolution of employment indicators. Aware of the importance of FDI flows on employment in the
host economy, the authorities adopt tactics to attract multinational companies encouraging them to extend or
to implement businesses on their territory, leading to obtaining a sustainable economic growth and a
favorable trend of the relevant indicators concerning occupancy, along with macroeconomic policies
destined to improve the work environment, market and labor access and enhancing productivity.
6. References
[1] Éltetö A.. Foreign direct investment in Central and East European Countries and Spain – A short overview. ICEI
WP09/10, 2010: pg. 4 – 17
[2] Voicu A.. Employment dynamics in the Romania labor market: A Markov Chain Monte Carlo approach. Journal of
Comparative Economics, 33(3), 2005: pg. 604 - 639
[3] Dostie B. and. Sahn D.E. Labor Market Dynamics in Romania During a Period of Economic Liberalization. IZA
Discussion Paper Series, np.2511, 2006: pg. 1 – 34
[4] Bellak C., Leibrecht M. and Reidl A.. Labour costs and FDI flows into Central and Eastern European Countries: A
survey of the literature and empirical evidence. Structural Change and Economic Dynamics, vol.19, 2008: pg. 17
– 37
[5] Boboc C., Titan E. and Tudose D.. Romanian Labour Market – Vulnerable Persons and Vulnerabilities. Romanian
Statistic Review, nr.5, 2011: pg. 55 - 68
[6] Jude C. and Pop Silaghi M.I.. Foreign direct investment, employment creation and economic growth in CEE
countries. An open issue. Development, Energy, Environment, Economics, 1998: pg 352 – 356
[7] European Commission, Eurostat regional yearbook 2011 – Eurostat Statistical books. Luxembourg, 2011: pg.1 –
420, https://ec.europa.eu
[8] Buhonciu F.M., Oprea R. and Antohi V.M.. Analysis of Main Social Indicators Developments Regarding Labour
Market in 2007 – 2009 in Romania. The Annals of “Dunarea de Jos” University of Galaţi, fascicle I, 1, 2010: pg.
109 – 116
[9] Cindrea I.. The Crisis on the Labor Market in Romania. Theoretical and Applied Economics, vol.4 (509), 2007: pg.
25 – 28
[10] International Labour Office, Global employment trends 2011 – The Challenge of a jobs recovery. 2011: pg. 1 –
107, www.ilo.org
[11] Terrell K. and Sorm V.. Labor market policies and unemployment in the Czech Republic. Journal of Comparative
Economics, 27(1), 2000: pg 33 – 60