<abstract xmlns="http://www.w3.org/1999/xhtml"><p>The study aims to explore the real wage convergence across the 42 Romanian counties from 1991 to 2016 by using the convergence algorithm developed by Phillips and Sul (2007). The process of divergence is identified in the period of 1991-2016 as well as a number of 4 convergence subgroups (clusters). Transitional curves indicate that over the long-run the real wage tends to converge. Policy implications of the paper’s findings are also provided.</p></abstract>

The study aims to explore the real wage convergence across the 42 Romanian counties from 1991 to 2016 by using the convergence algorithm developed by Phillips and Sul (2007). The process of divergence is identified in the period of 1991-2016 as well as a number of 4 convergence subgroups (clusters). Transitional curves indicate that over the long-run the real wage tends to converge. Policy implications of the paper’s findings are also provided.

Real Wage Convergence in Romania: Empirical Evidence Based on Club Converging

”Vasile Goldiș” Western University of Arad

Studia Universitatis „Vasile Goldis” Arad – Economics Series

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Real Wage Convergence in Romania: Empirical Evidence Based on Club Converging"}

The study aims to explore the real wage convergence across the 42 Romanian counties from 1991 to 2016 by using the convergence algorithm developed by Phillips...

Real Wage Convergence in Romania: Empirical Evidence Based on Club Converging

Online veröffentlicht: 16. Juli 2020

Seitenbereich: 108 - 117

Eingereicht: 01. Apr. 2020

Akzeptiert: 01. Mai 2020

DOI: https://doi.org/10.2478/sues-2020-0020

Schlüsselwörter
convergence, wages, panel data, econometric output

© 2020 Olimpia Neagu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Real Wage Convergence in Romania: Empirical Evidence Based on Club Converging

Online veröffentlicht: 16. Juli 2020

Seitenbereich: 108 - 117

Eingereicht: 01. Apr. 2020

Akzeptiert: 01. Mai 2020

DOI: https://doi.org/10.2478/sues-2020-0020

Schlüsselwörterconvergence, wages, panel data, econometric output

© 2020 Olimpia Neagu, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
convergence, wages, panel data, econometric output