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Pregled bibliografske jedinice broj: 863348

Flexibility of real and nominal wages: Case of selected Western Balkan countries


Jurčić, Ljubo; Dumičić, Ksenija; Čeh Časni, Anita
Flexibility of real and nominal wages: Case of selected Western Balkan countries // Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb, 67 (2016), 6; 517-534 (međunarodna recenzija, prethodno priopćenje, znanstveni)


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Naslov
Flexibility of real and nominal wages: Case of selected Western Balkan countries

Autori
Jurčić, Ljubo ; Dumičić, Ksenija ; Čeh Časni, Anita

Izvornik
Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb (0424-7558) 67 (2016), 6; 517-534

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, prethodno priopćenje, znanstveni

Ključne riječi
nominal wages, real wages, vector autoregression model, Western Balkan countries

Sažetak
Wage flexibility is considered to be a key determinant of labour market flexibility. In this paper flexibility of real and nominal wages in the group of Western Balkan countries as well as in selected New Member States (NMS) is explored by means of unrestricted vector autoregressive model. The main goal of this study was to identify whether selected Western Balkan countries show different behaviour with the respect to NMS considering the response of nominal and real wages to shocks. An unrestricted vector autoregressive model on the first differences of nominal and real wages was estimated and impulse response functions were derived to see which long run effects these shocks have. The data were taken from the WIIW Monthly Database, providing data on average gross monthly wages. The analysis is performed for the period from January 2004 to June 2015. The results of the conducted empirical analysis have shown that wage responses to shocks in the Western Balkan countries are in line with the magnitudes observed for the group of NMS or even better, nevertheless, there are some exceptions.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
This work has been partially supported by Croatian Science Foundation under the project STatistical Modelling for REspoNse to Crisis and Economic GrowTH in WeStern Balkan Countries -STRENGTHS (project no. 9402)



POVEZANOST RADA


Ustanove
Ekonomski fakultet, Zagreb

Profili:

Avatar Url Ljubo Jurčić (autor)

Avatar Url Ksenija Dumičić (autor)

Avatar Url Anita Čeh Časni (autor)

Citiraj ovu publikaciju

Jurčić, Ljubo; Dumičić, Ksenija; Čeh Časni, Anita
Flexibility of real and nominal wages: Case of selected Western Balkan countries // Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb, 67 (2016), 6; 517-534 (međunarodna recenzija, prethodno priopćenje, znanstveni)
Jurčić, L., Dumičić, K. & Čeh Časni, A. (2016) Flexibility of real and nominal wages: Case of selected Western Balkan countries. Ekonomski pregled : mjesečnik Hrvatskog društva ekonomista Zagreb, 67 (6), 517-534.
@article{article, year = {2016}, pages = {517-534}, keywords = {nominal wages, real wages, vector autoregression model, Western Balkan countries}, journal = {Ekonomski pregled : mjese\v{c}nik Hrvatskog dru\v{s}tva ekonomista Zagreb}, volume = {67}, number = {6}, issn = {0424-7558}, title = {Flexibility of real and nominal wages: Case of selected Western Balkan countries}, keyword = {nominal wages, real wages, vector autoregression model, Western Balkan countries} }

Časopis indeksira:


  • Scopus
  • EconLit


Uključenost u ostale bibliografske baze podataka:


  • EconLit
  • Journal of Economic Literature