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Strategic Innovation-Strategies for Entrepreneurship and Resilience Read chapter Read first chapter

2022 | OriginalPaper | Chapter

Reinforcing the Labor Market Resilience: Exploring the Relationship Between Minimum Wage, Official Economy, and Informal Economy Using Granger Causality and Scenario Simulations

Author : Adriana AnaMaria Davidescu

Published in: Strategic Innovation

Publisher: Springer International Publishing

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Abstract

This chapter focuses on labor market resilience following changing environmental conditions occurring in the marketplace. The country context of Romania is utilized in order to understand the effect of the informal economy on labor markets and economic conditions. This enables more detail to be acquired on how resilience through entrepreneurship can occur via labor market intervention, thereby bridging the labor market literature with the resilience and entrepreneurship schools of thought. The chapter offers a perspective of minimum wage developments in Romania, which is a country characterized by a large proportion of informal entrepreneurs.

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previous chapter How Does the Effect of Absorptive Capacity on Innovation Capacity Change According to Countries’ Technology Manufacturing Value-Added Levels?
next chapter Uncovering the Main Characteristics of Shadow Economies in Romania and Moldova for Strengthening the Labour Market Resilience
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***Tempo database, National Institute of Statistics
Metadata
Title
Reinforcing the Labor Market Resilience: Exploring the Relationship Between Minimum Wage, Official Economy, and Informal Economy Using Granger Causality and Scenario Simulations
Author
Adriana AnaMaria Davidescu
Copyright Year
2022
Book
Strategic Innovation

Print ISBN: 978-3-030-87111-6

Electronic ISBN: 978-3-030-87112-3

Copyright Year: 2022

DOI
https://doi.org/10.1007/978-3-030-87112-3_10