IMPACT OF THE AVERAGE NUMBER OF EMPLOYEES' PROGRESS ON THE GROSS DOMESTIC PRODUCT'S EVOLUTION AT THE LEVEL OF ROMANIA, EA19 AND EU28
IMPACT OF THE AVERAGE NUMBER OF EMPLOYEES' PROGRESS ON THE GROSS DOMESTIC PRODUCT'S EVOLUTION AT THE LEVEL OF ROMANIA, EA19 AND EU28

Summary/Abstract: The economic performance of a state can be determined through a multitude of means, reporting and procedures, using for this purpose certain series of data on various economic indicators. In this article, the authors highlight the relationship between two indicators that are very important, from an economic point of view, for quantifying the economic performance of a country, more explicitly the average number of employees and the gross domestic product. The analysis of the relationship between the previously mentioned economic indicators is based on the use of simple linear regression, using a data set related to the period 2010 - 2018, which was determined with the help of a specialized computer program. In the analysis, the resultant variable (dependent) was considered to be GDP, while the factorial variable (independent) was considered to be the average number of employees' progress. The veracity of the analyzed econometric model was verified with the help of specific tests, whose returned values are significant for the analyzed data series, while respecting the specific hypotheses of simple linear regression.

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