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Net earnings trends in the EU countries

Author

Listed:
  • Mădălina Ecaterina POPESCU

    (Bucharest Academy of Economic Studies, Romania National Scientific Research Institute for Labour and Social Protection Bucharest, Romania)

  • Amalia CRISTESCU

    (Bucharest Academy of Economic Studies, Romania National Scientific Research Institute for Labour and Social Protection Bucharest, Romania)

  • Mădălina Ecaterina POPESCU

    (National Scientific Research Institute for Labour and Social Protection Bucharest, Romania)

Abstract

The purpose of this paper consists in analysing the ante- and post-crisis economic trends of the real net earnings in the EU countries by building several econometric models. A Hierarchical cluster analysis was applied in order to classify the 27 EU countries in two distinct groups, based on a set of labour market indicators. The econometric results were consistent with the economic theory and indicated that GDP growth rate, foreign direct investment, trade openness and remittances have a positive effect on earnings, while unemployment rate’s impact is negative. Several particularities were also noticed when studying the two EU country clusters. Then numerical simulation was used for a short-term prediction of earnings.

Suggested Citation

  • Mădălina Ecaterina POPESCU & Amalia CRISTESCU & Mădălina Ecaterina POPESCU, 2016. "Net earnings trends in the EU countries," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(3(608), A), pages 351-360, Autumn.
    • Handle: RePEc:agr:journl:v:xxiii:y:2016:i:3(608):p:351-360
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    References listed on IDEAS

    as
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