Pregled bibliografske jedinice broj: 1235923
Innovation and wages constrained with budgetary deficit and unemployment in the European Union countries
Innovation and wages constrained with budgetary deficit and unemployment in the European Union countries // Ekonomska istraživanja, 35 (2021), 1; 1561-1580 doi:10.1080/1331677X.2021.1985564 (međunarodna recenzija, članak, znanstveni)
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Naslov
Innovation and wages constrained with budgetary
deficit and unemployment in the European Union
countries
Autori
Laura Južnik Rotar, Roberta Kontošić Pamić, Štefan Bojnec
Izvornik
Ekonomska istraživanja (1331-677X) 35
(2021), 1;
1561-1580
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
innovation, wages, labour market, macroeconomic environment, structural equation modelling, European Union
Sažetak
This paper aims to research the driving forces of wages across the countries of the European Union (EU-28) during the period 2006-2018. We apply structural equation modelling to analyse relationships between observed variables and latent variables, focusing on factors explaining wages. Based on the literature review, we hypothesized that innovation, budgetary deficit and the rate of unemployment predict wages across EU-28 countries. Our results suggest that innovation is a significant factor in explaining wages. The budgetary deficit has a significant negative impact on wages, while the effect of rate of unemployment is insignificant. The findings of our research underline the importance of policies that accelerate the growth in labour productivity, particularly those which boost innovation and ensure macroeconomic stability, efficient markets, and an adaptable and skilled workforce.
Izvorni jezik
Hrvatski
Znanstvena područja
Ekonomija
