Model of Economic Development on the Way to Overcome Unemployment and Labor Force Growth

  • Silvestru MAXIMILIAN Department of Economics, Marketing and Tourism, Moldova State University, Kishinev, Republic of Moldova
  • Alexandru A. GRIBINCEA Department of Economics, Marketing and Tourism, Moldova State University of Kishinev, Republic of Moldova
  • Corina GRIBINCEA Department of Financial and Monetary Research, National Institute for Economic Research, Kishinev, Republic of Moldova
  • Manal HABASHI Department of World Economy and International Economic Relations, Institute of International Relations of Moldova, Kishinev, Republic of Moldova
  • Maxim SANDU Free International University of Moldova, Kishinev, Republic of Moldova

Abstract

In the modern world, in the context of the global economic crisis, the problem of employment is urgent. The main feature of staff in an enterprise is the degree of individual responsibility for the ultimate outcome of organization and creativity at each workplace within the organization. Attitudes towards staff have come from treating them as a work force, like a traction animal, to treating staff as human capital: the attitude towards them has changed, the employees' responsibility for the result. Therefore, the main objective of the work is to develop a model of economic growth. Determined that an important indicator of labor resources is its quantity. The number of labor resources is influenced by demographic factors: fertility and mortality. The peculiarity of the labor market is related to the specific nature of the product itself – the inseparability of the owner of the workforce; the buyer only receives the right to use part of the workforce for a certain period of time; legal liability is possible; economic damage due to loss of loyalty, because the employee can work with different returns.

References

[1] Brueckner, M., and Lederman, D. 2018. Inequality and economic growth: the role of initial income. Journal of Economic Growth 23(3): 341-66.
[2] Checherita-Westphal, C., and Rother, P. 2012. The impact of high government debt on economic growth and its channels: An empirical investigation for the euro area. European Economic Review 56(7): 1392-1405.
[3] Convention N 98 of the International Labor Organization ‘Concerning the Application of the Principles of the Right to Organize and Conclude Collective Agreements’ (adopted in Geneva on July 01, 1949 at the 32nd session of the General Conference of the ILO). 1949. http://www.consultant.ru/document/cons_doc_LAW_121089/ (accessed March 15, 2019).
[4] Convention No 87 of the International Labor Organization ‘Concerning Freedom of Association and the Protection of the Right to Organize’ (adopted in San Francisco 07/09/1948 at the 31st session of the General Conference of the ILO). 1948. http://www.consultant.ru/document/cons_doc_LAW_121088/ (accessed March 15, 2019).
[5] Convention No. 100 ‘Regarding Equal Remuneration of Men and Women for Work of Equal Value’. 1951. http://www.un.org/ru/documents/decl_conv/conventions/remuner.shtml (accessed March 15, 2019).
[6] Convention No. 105 ‘On the Abolition of Forced Labor’. 1957. https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---normes/documents/normativeinstrument/wcms_c105_ru.htm (accessed March 15, 2019).
[7] Convention No. 138 ‘On the minimum age for admission to work’. 1973. https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---normes/documents/normativeinstrument/wcms_c138_ru.htm (accessed March 15, 2019).
[8] Convention No. 158 ‘On termination of employment at the initiative of the entrepreneur.’ 1982. https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---normes/documents/normativeinstrument/wcms_c158_ru.htm (accessed March 15, 2019).
[9] Convention No. 182 ‘On the Prohibition and Immediate Action for the Elimination of the Worst Forms of Child Labor’. 1999. http://www.un.org/ru/documents/decl_conv/conventions/convention182.shtml (accessed March 15, 2019).
[10] Convention No. 95 ‘On the protection of wages’. 1949. https://www.ilo.org/wcmsp5/groups/public/---ed_norm/---normes/documents/normativeinstrument/wcms_c095_ru.htm (accessed March 15, 2019).
[11] González Sánchez, V.M. 2018. Self-employment, knowledge and economic growth: An empirical study for Latin American countries. Contemporary Economics 12(4): 473-84.
[12] Gribincea, A., and Lazari, S. 2017. Risk estimation as a prerequisite for increasing economic security in a vulnerable economy. Paper presented at the International scientific and practical conference ‘Development of trade relations from the perspective of the economic integration of the Republic of Moldova in the international economic circuit’, September 21-22, in Chisinau, Republic of Moldova.
[13] Intartaglia, M., Antoniades, A., and Bhattacharyya, S. 2018. Unbundled debt and economic growth in developed and developing economies: An empirical analysis. World Economy 41(12): 3345-58.
[14] Karabet, M., Gribincea, A., Lazari, S., and Habashi, M. 2018. Impact of brain drain on the economies of the countries. Paper presented at the IV National Scientific and Practical Conference ‘Problems and challenges of the regional economy in terms of globalization’, December 19, in Chisinau, Republic of Moldova.
[15] Khamzin, A.Sh., Khamzina, Zh.A., Buribayev, Y.A. 2015. The decent work programme of Kazakhstan: Social and labor rights protection from an institutional aspect of international law. Journal of East Asia and International Law 8(2): 539-540.
[16] Lazari, S., and Cojocaru, V. 2017. Risks and Trust in the European Union after BREXIT. International Relations Plus 2(12): 119-126.
[17] Mukhamadiyeva, G.N., et al. 2017. Labour law of the modern Kazakhstan. Journal of Legal, Ethical and Regulatory Issues 20(1): 1544-0044-20-1-129.
[18] Ogilvie, Sh., and Carus, A.W. 2014. Institutions and Economic Growth in Historical Perspective. Handbook of Economic Growth 2: 403-513.
[19] Rattrie, L., and Kittler, G. 2014. The job demands-resources model and the international work context – a systematic review. Journal of Global Mobility 2(3): 260-79.
[20] Schwab, D., and Werker, E. 2018. Are economic rents good for development? Evidence from the manufacturing sector. World Development 112: 33-45.
[21] Siekierski, P., Lima, M.C., Borini, F.M., and Pereira, R.M. 2018. International academic mobility and innovation: a literature review. Journal of Global Mobility 6(3-4): 285-98.
[22] Silagadze, A. 2017. ‘Post-Soviet paradoxes’ of unemployment rate. Bulletin of the Georgian National Academy of Sciences 11(1): 136-141.
[23] Vinichenko, M.V., et al. 2016. Monitoring of working conditions and the nature of their influence on health of students and academic staff. International Journal of Environmental and Science Education 11(11): 4564-4577.
[24] Vinichenko, M.V., et al. 2016. Student employment during college studies and after career start. International Review of Management and Marketing 6(S5): 23-29.
[25] World development indicators. 2017. http://data.worldbank.org/(accessed March 15, 2019).
Published
2019-10-30
How to Cite
MAXIMILIAN, Silvestru et al. Model of Economic Development on the Way to Overcome Unemployment and Labor Force Growth. Journal of Advanced Research in Law and Economics, [S.l.], v. 9, n. 6, p. 2060-2071, oct. 2019. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/3972>. Date accessed: 03 may 2024. doi: https://doi.org/10.14505//jarle.v9.6(36).21.