Econometric Modeling, Evaluation and Forecasting of the Rural Workforce Situation in the Republic of Moldova

Abstract

A very actual problem for the Republic of Moldova represents the migration processes of rural population, expressed by workforce flows in this region. Along with the free circulation of the workforce to more prosperous countries, migration flows provoke economic imbalances in country development. In this paper, the authors have set the objective to determine the key factors that influence the migration level in the Republic of Moldova, especially that of the rural sector, through the prism of econometric methods. The typology of econometric methods used by economic sciences is extremely vast. The more and more often use of these models in economic phenomena investigation are due to significant progresses made in the field of estimation methods of models’ parameters and that of verification tests, on which these are based on and, last but not least, that of the use of electronic calculators that allow the operative solving of the most complex economic problems. In conclusion, the authors propose a model of econometric regression between the selected variables that have a maximal level of influence on the rural migration situation in the Republic of Moldova, justified by elasticity coefficients values.