Skoči na glavni sadržaj

Izvorni znanstveni članak

https://doi.org/10.1080/1331677X.2021.1985564

Innovation and wages constrained with budgetary deficit and unemployment in the European Union countries

Laura Južnik Rotar orcid id orcid.org/0000-0001-9277-8810
Roberta Kontošić Pamić
Štefan Bojnec


Puni tekst: engleski pdf 2.022 Kb

str. 1561-1580

preuzimanja: 105

citiraj


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.

Ključne riječi

innovation; wages; labour market; macroeconomic environment; structural equation modelling; European Union

Hrčak ID:

302060

URI

https://hrcak.srce.hr/302060

Datum izdavanja:

31.3.2023.

Posjeta: 181 *