Real Wage Convergence in Romania: Empirical Evidence Based on Club Converging

Neagu Olimpia ()
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Neagu Olimpia: ”Vasile Goldiș” Western University of Arad,Romania

Studia Universitatis „Vasile Goldis” Arad – Economics Series, 2020, vol. 30, issue 3, 108-117

Abstract: The study aims to explore the real wage convergence across the 42 Romanian counties from 1991 to 2016 by using the convergence algorithm developed by Phillips and Sul (2007). The process of divergence is identified in the period of 1991-2016 as well as a number of 4 convergence subgroups (clusters). Transitional curves indicate that over the long-run the real wage tends to converge. Policy implications of the paper’s findings are also provided.

Keywords: convergence; wages; panel data; econometric output (search for similar items in EconPapers)
JEL-codes: C33 J31 O47 R15 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:suvges:v:30:y:2020:i:3:p:108-117:n:6

DOI: 10.2478/sues-2020-0020

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