Real wages, inflation, and labor productivity: Evidences from Bulgaria and Romania

Chaido Dritsaki ()
Additional contact information
Chaido Dritsaki: Associate Professor, Department of Accounting and Finance, Western Macedonia University of Applied Sciences, Kozani, Greece.

Journal of Economic and Financial Studies (JEFS), 2016, vol. 4, issue 5, 24-36

Abstract: This study examines the effect of inflation and real wages on labor productivity for two European Union(EU) countries: Bulgaria and Romania using cointegration Autoregressive Distributed Lag (ARDL) test and causality test of Toda and Yamamoto (1995). Results suggest that inflation reduces labor productivity. Moreover, the impact of wages on labor productivity is far greater the impact of inflation. Additionally, there exists unidirectional relation between inflation and real wages for Bulgaria, and real wages and labor productivity for Romania.

Keywords: Bulgaria; inflation; labor productivity; real Wages; Romania. (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.journalofeconomics.org/index.php/site/article/view/253/302 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lrc:lareco:v:4:y:2016:i:5:p:24-36

Access Statistics for this article

More articles in Journal of Economic and Financial Studies (JEFS) from LAR Center Press
Bibliographic data for series maintained by S Marjan ( this e-mail address is bad, please contact ).