Labour Productivity and Investments as Determinants of Wages: A Pool Data Analysis of the Romanian Hotel and Restaurant Sector

Camelia Surugiu, Marius-Razvan Surugiu, Ana-Irina Dinca and Cristi Frent
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Ana-Irina Dinca: Faculty of Geography, University of Bucharest, 1 Nicolae Blcescu Avenue, Bucharest, Sector 1, Postal Code 010041, Romania
Cristi Frent: National Institute for Research and Development in Tourism, 17 Apolodor Street, Bucharest, Sector 5, Postal Code 050741, Romania

Tourism Economics, 2012, vol. 18, issue 1, 219-242

Abstract: This paper analyses the factors influencing wages in the hotel and restaurant sector of Romania on the basis of a macroeconomic and regional analysis of gross investments and employment in the tourism industry. The authors constructed a pool data model to investigate the existing relationship between real wages, labour productivity and gross investments in the eight development regions of Romania during 1999–2007. The results may be useful to policy makers and professionals seeking to understand the mechanism of the tourism labour market in Romania and, further, to mobilize the labour force in the sector in order to obtain better results by using appropriate instruments adapted to domestic labour.

Keywords: wages; labour productivity; investments; hotel and restaurant sector; pool data analysis; Romania (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:18:y:2012:i:1:p:219-242

DOI: 10.5367/te.2012.0099

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