Subject: real wage, GDP per worker, labor productivity, OLS regression, correlation
Year: 2009
Type: Journal Article
Title: Labour productivity and wages in the Republic of Macedonia
Author: Trpeski, Predrag
Author: Tashevska, Biljana
Abstract: The relationship between wage and labor productivity is very frequent and receives a special treatment in economic theory and practice. The purpose of this paper is to explore the relationship and interdependence between net-wage and labor productivity in the Republic of Macedonia during the period 1995-2007. The objects of analysis are the relations between the two variables on aggregate level of the Macedonian economy, as well as for certain economic sectors separately (industry, mining and water management; agriculture, fishing and forestry; construction; transport and communications; trade and financial services). Based on the results from the performed analysis, the paper reveals how and to what extent changes in real net-wage influence the changes in labor productivity in Macedonia, on aggregate level and in the observed sectors.
Publisher: University of Craiova, Faculty of Economics and Business Administration
Relation: Revista Tinerilor Economisti (The Young Economists Journal)
Identifier: oai:repository.ukim.mk:20.500.12188/4566
Identifier: Trpeski, P. and Tashevska, B. (2009) “Labour productivity and wages in the Republic of Macedonia”, Revista Tinerilor Economisti (The Young Economists Journal), No.13, November, pp.103-111
Identifier: http://hdl.handle.net/20.500.12188/4566
