Net earnings trends in the EU countries
Autor: | Mădălina Ecaterina POPESCU, Amalia CRISTESCU, Larisa STĂNILĂ |
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Jazyk: | angličtina |
Rok vydání: | 2016 |
Předmět: | |
Zdroj: | Theoretical and Applied Economics, Vol XXIII, Iss 3, Pp 351-360 (2016) |
Druh dokumentu: | article |
ISSN: | 1841-8678 1844-0029 |
Popis: | The purpose of this paper consists in analysing the ante- and post-crisis economic trends of the real net earnings in the EU countries by building several econometric models. A Hierarchical cluster analysis was applied in order to classify the 27 EU countries in two distinct groups, based on a set of labour market indicators. The econometric results were consistent with the economic theory and indicated that GDP growth rate, foreign direct investment, trade openness and remittances have a positive effect on earnings, while unemployment rate’s impact is negative. Several particularities were also noticed when studying the two EU country clusters. Then numerical simulation was used for a short-term prediction of earnings. |
Databáze: | Directory of Open Access Journals |
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