Economics at your fingertips  

The impact of labour productivity on wages in Bulgaria, 2000-2017

Lyuboslav Kostov

SEER Journal for Labour and Social Affairs in Eastern Europe, 2019, vol. 22, issue 2, 217-224

Abstract: In the post-crisis period, the traditional relationship between labour productivity and wages has been called increasingly into question as a result of recent changes in the labour-capital ratio. There is a growing public debate on this issue, but the available literature within Bulgaria has not, up to now, examined the link directly. This article reports the findings of a new study, specifically from the starting point that labour productivity is not a main factor in the dynamics of average wages in Bulgaria in the period 2000-2017. Through an econometric model, the author concludes that the impact of gross value added in terms of the change in average wages in Bulgaria has diminished as a result of the crisis; and that the dynamics of gross value added per employee do not play a decisive role in explaining the dynamics of average wages. The author points to the significance of this finding for future research, adding also that, at a time again of technological advance, innovation is likely to be one factor which further distorts classical understanding of the interdependence of labour productivity and wages.

Date: 2019
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link) (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:

Ordering information: This journal article can be ordered from
Nomos Verlagsgesellschaft mbH & Co. KG, Waldseestraße 3-5, 76530 Baden-Baden, Germany
https://www.nomos-sh ... w.aspx?product=10355

DOI: 10.5771/1435-2869-2019-2-217

Access Statistics for this article

SEER Journal for Labour and Social Affairs in Eastern Europe is currently edited by Béla Galgoczi

More articles in SEER Journal for Labour and Social Affairs in Eastern Europe from Nomos Verlagsgesellschaft mbH & Co. KG
Bibliographic data for series maintained by Nomos Verlagsgesellschaft mbH & Co. KG ().

Page updated 2020-07-14
Handle: RePEc:nms:joseer:10.5771/1435-2869-2019-2-217