Revista Tinerilor Economiºti (The Young Economists Journal)

Revista Tinerilor Economişti (The Young Economists Journal)
efficient investments by the state is by making credit cheaper. The stimulation of
investments, and in this way the growth of the national income, can be achieved
through a proper fiscal and public expenditures policy.
4. Conclusions
The results of our study, show that in Romania, between 1990 and 2009,
aggregate demand did not influence employment positively, the economic theory,
according to which between aggregate demand and labour employment there is a direct
and bivalent relationship, being invalidated, thus the growth of aggregate demand
attracts the growth of employment and the other way around, under the circumstances
in which other factors of influence are not changed
The final consumption (public and private) as main component of the aggregate
demand does not influence positively the level and evolution of the employment, as
opposed to the Keynesian theory. Based on this reason we consider that the stimulation of
consumption in Romania in order to increase the level of employment is not the best
solution, as it is known that meeting consumption is based not only on domestic products
but also on imported ones (existing a preference for these products), and under these
circumstances the effects of the investment effort are reduced.
In order to increase the living standard and to improve the living conditions of
the population, under the circumstances of the existence, in the Romanian economy, of
domestic absorption, the negative net export respectively, we consider that it is
absolutely necessary for the domestic supply to rapidly and efficiently adapt to the
demands of the market. On the other hand, the stimulation of saving is necessary,
assuring the conditions of re-launching domestic output in the long term.
Our study confirms the economic theory according to which a key contributor
to employment growth is the growth of real investments, as a component of domestic
demand. For the investment to have the authentic stimulating role of the Romanian
economic system, it is necessary to elaborate and apply an efficient investment
mechanism, that would determine the economy actors, on the one hand, to mobilize as
high investment funds as possible and from diversified sources and, on the other hand,
to guide those funds to other efficient activities of real economy.
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