Affiliation:
1. ”Vasile Goldiș” Western University of Arad , Romania
Abstract
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.
Subject
Strategy and Management,Economics and Econometrics,Finance,Business and International Management
Cited by
3 articles.
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