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- W26691027 abstract "The projection model of demand for labor with higher education (MCFMSS) and medium-term forecasts make a consistent pattern, circumscribed to the standard macroeconomic theories, which adequately reflect the peculiarities of the Romanian economy and generates plausible results. Due to its complexity, the model is a true macromodel which relates the economic growth forecast with that of growth in employment in a detailed structure. The model has as the main exogenous variables the economy-wide GDP and gross value added by sectors. Starting from a Cobb-Douglas production function, the model proposes a growth scenario of employed population mainly to achieve the Europe 2020 objectives, based on the growth of activity rate, on a moderate GDP growth and on lower unemployment. Three scenarios were considered for all exogenous variables - reserved, moderate and optimistic, the moderate scenario being preferred because the data sets used were short." @default.
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- W26691027 date "2013-01-01" @default.
- W26691027 modified "2023-09-24" @default.
- W26691027 title "Medium Term Projections of Demand for Labor With Higher Education and of Employed Population in Romania" @default.
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