Revista Tinerilor Economiºti (The Young Economists Journal)

Revista Tinerilor Economişti (The Young Economists Journal)
if we analyse the relationship between the level of employment and the level of real
investments, in the same period, even if we can identify a direct correlation, this is very
weak and statistically insignificant (Pearson correlation=+0.025, sig=0.916).
Source: Own calculations based on the data in Annexe no. 1
Figure no. 4 Direct correlation between annual investment change (%) and annual
employment change (%), between 1990 and 2009
We can state that in Romania real investments, the second component of the
aggregate demand, although, in the period between 1990 and 2009, they recorded a
positive annual average rhythm of 1.7%, they did not prove sufficient enough for
creating new jobs. There is need for changes in the economic policy, in the behaviour of
the economic agents, so that investment growth would materialize in the growth of
work productivity as well as in creating new jobs.
3.3 The effects of international trade on employment
At the level of the national economy, together with the domestic demand, an
important role in creating new jobs is also acknowledged to international trade. The net
effect of international trade on the level and evolution of aggregate expenses and even
on the level and evolution of employment is measured by means of the net export
calculated as a difference between the value of export of goods and services and the
value of import of goods and services.
Source: Own calculations based on the data in Annexe no. 1
Figure no. 5 The evolution of domestic demand, domestic supply and net export
(billion Lei- comparable prices 1990, according to annexe no.1)
In Romania, in the analysed period, the real value of net exports is negative, the
value of imports being higher than the one of exports. Data in figure no. 5 highlight that, as
the gap between domestic supply and demand deepens, the value of the net export
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