Earnings analysis at industry level

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