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Abstract

The present study aims at highlighting some of the impacts that labour market an education mutually have on each other both in the context of economies in transition (even if they used to have long historic traditions related to pioneering in instruction and education at mass and elite level) and that of a steady and consequent capitalist state undisturbed by the storms of radical political changes and periods of totally negating the values and results created by former historic eras and communities.

The main idea is that the relationship between the labour market and education is that of a mutual demand and supply based corelation, permanently influencing each other, so no political or economic authority and power should miss taking this into consideration unless they want to fail.

Abstract

This study examined the direct/indirect long-run relationships and dynamic interactions between public investment (PI) and output performance in Nigeria using annual data spanning 1970-2010. A macro-econometric model derived from Keynes’ income-expenditure framework was employed. The model was disaggregated into demand and supply sides to trace the direct and indirect effects of PI on aggregate output. The direct supply side effect was assessed using the magnitude of PI multiplier coefficient, while the indirect effect of PI on the demand side was evaluated with marginal propensity to consume, accelerator coefficient and import multiplier. The results showed relatively less strong direct effect of PI on aggregate output, while the indirect effects were stronger with the import multiplier being the most pronounced. This is attributed to declining capital expenditure, poor implementation and low quality of PI projects due to widespread corruption. By and large, we concluded that PI exerted considerable influence on aggregate output.

, Annals of Faculty of Economics, 1, issue 1, p. 976-986. Davidescu, A. M., Paul, A.M.V., Gogonea, R-M., Zaharia, M., (2015), Evaluating Romanian Eco-Innovation Performances in European Context , Sustainability, 7, issue 9, p. 1-35. Gogonea, R-M., Zaharia, M., Dumitru, N-R. (2009). Statistic and Econometric Analysis of the Motivational Factors on Turistc Behavour , Annals of Faculty of Economics, 2, issue 1, p. 654-658. Gogonea, R-M., Zaharia, M. (2013). Statistical Analisys of Evolutions of Demand And Supply of Agro-Touristic Boarding Houses in 2000 - 2012 Period

demand and supply of labour by education , Statistics Norway, Oslo. Cörvers F., Dupuy A. (2010), Estimating Employment Dynamics across Occupations and Sectors of Industries , ,,Journal of Macroeconomics”, vol. 32, issue 1, pp. 17–27. De arbeidsmarkt naar opleiding en beroep tot 2016 (2011), Researchcentrum voor Onderwijs en Arbeidsmarkt, Maastricht University, School of Business and Economics, Maastricht. Future skills needs in Europe: medium-term forecast. Background technical report (2009), CEDEFOP, Luxembourg: Publications Office of the European Union. Future

already been substantial, bauMax has its eye on a series of further developments. As yet, the system has only a limited ability to deal with competitor data – it has started by tracking the prices of the 100 leading articles on which competitors focus. Future developments are likely to extend this range. one particularly interesting research area is the creation of an integrated demand-and- supply-chain management model that will link pricing to inventory and production planning. There are a number of information technology improve- ments that can be expected