Net earnings trends in the EU countries

Mădălina Ecaterina Popescu, Amalia Cristescu and Mădălina Ecaterina Popescu
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Mădălina Ecaterina Popescu: Bucharest Academy of Economic Studies, Romania National Scientific Research Institute for Labour and Social Protection Bucharest, Romania
Amalia Cristescu: Bucharest Academy of Economic Studies, Romania National Scientific Research Institute for Labour and Social Protection Bucharest, Romania
Mădălina Ecaterina Popescu: National Scientific Research Institute for Labour and Social Protection Bucharest, Romania
Authors registered in the RePEc Author Service: Madalina Ecaterina Popescu

Theoretical and Applied Economics, 2016, vol. XXIII, issue 3(608), Autumn, 351-360

Abstract: 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.

Keywords: net earnings; GDP growth rate; panel data model; European Union; simulation. (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:xxiii:y:2016:i:3(608):p:351-360

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