Market In Romania Research Articles

Labour Market and Educational Mismatches in Romania

The objective of this paper is to study Romanian employees’ perceptions on the relationship between education system performance and labour market requirements. The research was focused on the analysis of the labour market in Romania in terms of the skills required by the current job. The questions were aimed at studying three main aspects related to the current jobs of Romanian employees: general characteristics (length of service, source of information about current job, the degree of satisfaction related to different aspects of it), mismatches between the level or type of education and job requirements (time to become effective, how they acquired knowledge and skills held, the contribution of education and training to improve performance in current job, over-qualification versus under-qualification, over-education versus under-education), situation in terms of skills held and those required by the workplace (skill obsolescence, skill shortages, skill gap). The results show that even in a crisis period when unemployment is at high values, employers have difficulties in finding appropriate qualifications for some jobs, or the right candidate for the vacancies. Even current employees lack some important abilities or skills such as: motivation, loyalty or responsibility.

Youth Labor Market Vulnerabilities: Characteristics, Dimensions and Costs

In the European Union, young people are, according to Eurostat statistics, one-fifth of the total population. Even if modern Europe offers unprecedented opportunities for young people, they face challenges (aggravated by the economic crisis) related to the education and training systems and to labor market access. Youth unemployment is very high, 22.1% in 2012, while the rate of NEET young people reached 13.1% in the same year. Recently, youth labor markets in Europe recorded an increased number of fixed-term employment or temporary contracts and the tendency to change jobs several times during active life. These phenomena weaken the relationship between employers and employees. The concept of employment vulnerability can be used to describe these relationships. This paper presents a brief characterization of the European Union labor market and an analysis of the features of youth labor market in Romania. It analyzes the structure, education and gender composition of NEET groups before the crisis and its impact, and it estimates, for the NEET population, the economic costs of non-integration in the labor market or in the education system supported by various European countries.

A Model of Consumers’ Satisfaction Regarding the Operating Companies in the Direct Sales Market in Romania

This study aims to create a conceptual model which identifies the key factors that influence the level of satisfaction felt by those who acquire products from the direct sales market. The study was conducted among people who buy various products from the Herbalife Company. The multivariate analysis aimed at creating a conceptual model and its testing in order to identify a number of variables such as: company image, image of the sales point, the existing product range, consulting and other methods of information received. These variables may influence the level of satisfaction of the respondents. For model testing, data were processed using IBM SPSS Statistics 20.

“FIRST HOME” – A BANKING PRODUCT OR A SOCIAL PRODUCT?

Under the conditions of the economic crises, the “First Home” program was launched on the banking market in Romania in 2009 - a banking product with strong social implications guaranteed by its advantages. In this paper, the “first home” product is presented through the legislative aspects that regulate its presence on the market, as well as its evolution from the launching moment to present.

Transition from Educational System to Labour Market in Romania

Abstract The issue regarding the transition from school to employment has become more important and actual within Romania's economic restructuring, at the same time with the more alarming manifestation of youth unemployment. These concerns are not specific only to our country, but they exist in all countries and get more and more complex dimensions, in the knowledge-based economic framework. The impact of a generation which suffers due to exclusiveness effects will act together with the political and social evolution that is going to mould Europe over the following years. After a brief presentation of the Romanian and European documents referring to the social inclusion of the youth, this work deals with an analysis of the youth's needs from the perspective of employment and the of the intervention capacity of different interested factors in Romania. The results provide a substantial support for distinct models of access to the labour market, regarding the layering of the exclusion, downgrading risk and labour market mobility of LM entrants in Romania.

The Analysis of Investments in Constructions in Romania during 2001-2012

The aim of this article consists in making an analysis of investments in the area of constructions in Romania during 2001-2012 based on the information provided by the National Institute of Statistics. Investments are analyzed distinctly during: 2001-2012. Further the results obtained in the area of constructions in the period are also presented, but also some considerations on the development and tendencies in the constructions market in Romania. The article ends with the authors’ conclusions about the future developments of constructions in Romania, and proposals for adopting measures of redress for this important segment of Romanian economy.

Quantitative Study on Students Satisfaction Concerning Private Economics Universities in Romania

Students satisfaction is a main concern of universities in general and a prior concern of economic private universities in Romania. The study is presenting the level of students satisfaction towards the educational services taking into account their chances of career development after graduation. The research method was surveying a sample of 180 students at the main economic private universities in Bucharest - the biggest university centre and Iasi- the oldest university center in Romania. Determinants and most influencing factors on students’ opinions and their reccommendations for the improvement of private high education system were made base on the survey results. Also the study is characterizing the efficiency and effectiveness of the private universities in economics field and their perspectives on the academic market in Romania.

Forecasting the investors behavior on the capital market in Romania: Trading strategies based on technical analysis versus Artificial Intelligence techniques

This research aims at characterizing and modelling the investors’ behaviours present on the Romanian capital market, by analyzing the behaviours proposed by the efficient markets theory and investigating the possibility of financial time series behaviour forecasting through artificial intelligence concepts and tools (artificial neural networks, fuzzy logic, neuro-fuzzy systems) . The analysis of various forecasting strategies has been conducted using data sets on a daily basis, on a time horizon of nine years, for a total of 22 companies listed on BSE and for the BET and BET-C exchange indexes; the research is differentiating the pre-crisis period and the crisis period.

ONLINE INSURANCE � ROMANIA STUDY CASE

In the last years the e-commerce became more important than ever. Insurance industry has to join the trend and to offer online insurance products. This article analyzes the actual online insurance market in Romania and presents the advantages and disadvantages of such a selling channel. The problems observed in this particular market are very delicate because selling insurance is selling a promise. And when the promise goes online the things may be different than usual. The conclusion will be useful both for insurance companies and for potential clients.

Continuous Professional Training and the Situation of Labour Market in Romania

This study is part of a wider research carried out in recent years, in North-East Moldova – important socio-economic region of Romania – ancient Romanian culture and civilization hearth. It addresses issues of human capital development in the context of sustainable development of the City Suceava and Botosani. This study addresses the issue of human resource development, focusing on continuous training and employment. It is known that the development is based on the human resource, so there must be local responsabilities in terms of skilled labour and increase the adaptability of environamental changes. The results obtained from the research will reflect some of the practical steps that must be taken in the coming years, locally, in terms of human resource development

SWOT Analyze for Renewable Resources in the North West Region, Romania

Legislation regarding the renewable energy, the potential for energy production, educationand scientific research in the domain are major factors which have a great impact on the renewableenergy production, due to the fact that they may represent external factors of decision, together withthe market in Romania. Also these elements are important because they represent the base fordeveloping strategic planning for the future in the domain of energy production. SWOT analysis inthis case is a research based on the study cases and the questionnaire applied to the people, producersand potential users of the energy from renewable sources in the North West region. In the presentresearch there are highlighted several important elements of the results obtained in the SWOT analyze.The original element used to achieve this SWOT analyze is represented by the questionnaire applied inorder to have this analyze and also to have a profile for the producers/potential users of the energyproduced from the renewable sources in the North West region, Romania

Matching Supply and Demand on Agricultural Market in Romania

This paper identifies the relationships among different components of supply and demand on the market of agricultural and food products in Romania. Statistical data regarding the levels of production, internal availabilities for consumption, exports, and imports have been analyzed. The hypothesis whether domestic agricultural output satisfy demand has been verified and the results show that, in order to satisfy demand, imports supplement internal production of agro-food products. The share of imports varies from 4.5% for potatoes to 85% for fish and fish products. Trade balances are negative for all agricultural products, except cereals. These findings have significant implications for the work of policy makers and businesses, as it calls for changing the strategies and practices in this area.

Actual Issues Concerning Employment in Romania

We want to highlight from the start that, in our opinion, the representative theoretical and empirical studies from this field have approached this issue in a relatively unilateral manner, in the sense that they focused on defining and measuring unemployment and on its evolution and on the positive externals associated to the international migration of the work force. These are only few reasons that determined us to focus our attention on the particularities of the labor market in Romania, starting from the specifics of the modern labor market, and continuing to the current status of employment in our country and to the measures that may be promoted in order to solve the current situation use the term “employment” without a punctual reference to employment (nor even at population taken as a whole) because is well known in specialty theory and practice. Research field is not completely new–employment entered long time ago in theorists’ concerns (The General Theory of Employment, Interest and Money, J. M. Keynes being a reference point) and also in practitioners, political circles, civil society, human rights activist organization concerns.

Labour Productivity and Investments as Determinants of Wages: A Pool Data Analysis of the Romanian Hotel and Restaurant Sector

This paper analyses the factors influencing wages in the hotel and restaurant sector of Romania on the basis of a macroeconomic and regional analysis of gross investments and employment in the tourism industry. The authors constructed a pool data model to investigate the existing relationship between real wages, labour productivity and gross investments in the eight development regions of Romania during 1999–2007. The results may be useful to policy makers and professionals seeking to understand the mechanism of the tourism labour market in Romania and, further, to mobilize the labour force in the sector in order to obtain better results by using appropriate instruments adapted to domestic labour.

The Role of Lifelong Learning in the Growth of Employment and Labour Efficiency. The Case of Romania

The paper presents the role of lifelong learning in improving employment and labour efficiency in general and then captures the relationship between education - lifelong learning and the labour market in Romania. The study results focus on identifying certain actions to encourage lifelong learning in Romania and to improve educational and employment policies, to improve the quality of life.

The Role of Education on Consumer Behavior on the Insurance Market

Education has an extremely important role as it influences the insurance purchase decision. On the insurance market in Romania, there is a discrepancy between the high potential demand and the rather low real demand. This discrepancy can be explained by a series of economic reasons, as well as by the lack of education in the field. Within more extended research regarding the behavior of the insurance services' consumer and the factors influencing it, we have studied the way in which insurance services are perceived by potential clients and the role education plays in this.

Impact of Property Taxes on Commercial Real Estate Competition in Romania

This paper examines the relationship between taxation of property and competition on the commercial real estate market in Romania. In most cases the calculation of service ch rge contribution for tenants of commercial real estate includes property taxes. As these taxes are passed to the tenants, they in fact increase the cost of property occupation and constitute a source of uncertainty in strategic decision making. We are looking into the composition of service charges for tenants of commercial real estate, the acceptance of triple net rents on the Romanian market and the way in which property taxes vary across different locations, impacting on cost of occu ation and distorting competition.

Adaptive control access of stand-alone power systems

The recent liberalization of the electricity market in Romania and the growing interest for using alternative sources of energy are the premises favorable for this proposal. The main objective of the article is to stimulate interest of the consumers for the green energy considering the environmental and the financial impact of this one. For these arguments, this article proposes a real application, with autonomy in the power supply, for control access to parking of vehicles, for lighting the car park and for its management in terms of occupancy rates. The main characteristic of this application is its functioning with energy from alternative sources (sun and wind).

Regional Labour Market in Romania

The structural changes that occurred in Romania after 1990 generated significant socioeconomic disparities. The North-East region stands out from the other regions through a reduced level of economic development, but with an important occupation potential. In this paper, the researchers will estimate the Cobb-Douglas type production function using the data registered for the North-East region, and they will model from an econometric point of view an important factor of the labour market; namely, labour force participation rate.

The Labor Market in Romania – Between Structural Reform and Current Adjustment

The economic and political changes generated by the reforms after 1990 have had consequences on the labour resources. In such context, there have been several structural and functional changes on various segments of the labor market. However, the instability at the level of this market can be also seen as a result of the impact of the global crisis on Romania’s economy. The negative demographic tendencies had direct consequences on the labor market, such as the lowering of the percentage of employed population following the small birth rate, high general and infant mortality rate, the deterioration of the population’s biological potential of, the decreased life expectancy rate, ageing population, especially in the rural environment, a high rural-urban migration as a result of the necessity for survival, as well as the intensification of the qualified workforce migration from our country. The purpose of this paper is to highlight some policy measure to counter the disfunctions existing on the labor market in our country.