CONSIDERATIONS ON THE IMPACT OF THE ECONOMIC CRISIS ON TURNOVER IN SERVICES

Abstract

After a period of growth, the economic crisis triggered at the end of the last decade has had major implications on both economic developments as well as on the living standards of the population from most European countries. The services, tertiary sector of the economy, have declined both as the production services and services for the population. The paper presents the evolutions of turnover index and of labor input index in services during 2003 - 2012 in Romania and several Member States of the EU27. In Romania are analyzed the evolutions in some of the high-tech services activities compared to the evolution of the services as a whole. Also were being tested the correlations between total turnover index and total labor input index in services and, between turnover index and labor input index in telecommunications services during the same period.

Keywords

• turnover
• services
• correlation
• regression
• F-test
• t-test