Significant interdependencies of the services sector in the romanian economy: An analytical examination

Abstract

The aim of present paper is to present the recent defining evolutions of the services sector in Romanian economy. In this respect, the paper contains a review of the evolution in relative contribution of the main economic sectors in Romanian economy and the evolution in total turnover for the tertiary sector in the last twenty years. Further, are examined the contribution of the sector to economic growth and the correlation between the share of employment and the sectoral growth. In this context, another investigated paradigm regards the relation between the share of employment in services and the share of women participation in the labor force, both in the international context and for the Romanian economy. All the analytical examinations presented returned significant results. The conclusions outline the results and contain several future research directions.