@article{panaite2022determinants,
  title = {The Determinants of Unemployment: Estimating a Vector Error Correction  Model for Romania},
  author = {Nicoleta PANAITE and Nicoleta PROHOZESCU (IFTIMI) and Carmen PINTILESCU},
  year = 2022,
  url = {https://ibimapublishing.com/articles/JEERBE/2022/186405/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = 2022,
  pages = 10,
  doi = 10.5171/2022.186405,
  abstract = {The global economic crisis triggered in 2008, followed by the current health crisis, have slowed Romania’s economic progress registered after the transition to a market economy system. The main purpose of the paper is to analyze the short and long-term relationship between the unemployment rate and economic growth, inflation and public debt in Romania, considering quarterly data from 2000 to 2020. The first step of the analysis was to test the stationarity of the variables, the results of the ADF and PP showed that all the variables are non-stationary in level but stationary in first difference. After testing the potential cointegration relationship between the data series (using Johansen test), a Vector Error Correction Model (VECM) was applied. The main results suggest that economic growth, inflation and public debt impact the unemployment rate in Romania.},
  keywords = {unemployment, economic growth, inflation, public debt, VECM model},
  note = Article ID: 186405
}