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Theoretical and Applied Economics
No. 1 / 2014 (590)

Earnings analysis at industry level

Bucharest University of Economic Studies
National Scientific Research Institute for Labour and Social Protection
Maria Denisa VASILESCU
National Scientific Research Institute for Labour and Social Protection

Abstract. In the view of the economic recovery, the European Union encourages member states to rapidly implement a policy convergence at competitive levels, coherent with the internal single market. In this context, economic competitiveness should have a leading place within the structural policies designed to unleash the industrial potential of the European economies. Wage is a key factor of economic competitiveness as it also reflects the level of labour productivity. In this study we conducted a panel data analysis of the economic activities in Romania to identify the factors that determine the wage level.

Keywords: wages, labour productivity, panel data, economic activities.

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