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The influence of the globalization on causality between energetic sector and differentiated wages

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  • Brindusa Covaci

Abstract

Paper aims the influence of globalization across causality between energetic sector and differentiated wages. We used the conceptualization of the Michelle Baddeley and Bernard Fingleton for the Fujita, Krugman and Venables (FKV) non-linear model of wage differentials. In order to develop this spatial econometric model for Romanian context we asses a corelation error process of data from different geographic area. In a polarized area of energy sector, desideratum of moderating and coordinating for macroeconomic policy should be an inflexion point in the European Union nation’s governance, especially in Romania. The impact of global crises on Romanian energy sector could be reduced through smart sustainable development and convergence in financing and funding, inclusively foreign direct investment (FDI).

Suggested Citation

  • Brindusa Covaci, 2015. "The influence of the globalization on causality between energetic sector and differentiated wages," Impact of Socio-economic and Technological Transformations at National, European and International Level (ISETT), Institute for World Economy, Romanian Academy, vol. 1.
    • Handle: RePEc:iem:imptrs:v:1:y:2015:id:2822000009324007
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    More about this item

    Keywords

    energy sector; financing and funding; globalization; non -linear model of wages differentials; smart sustainable development; economic growth;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A30 - General Economics and Teaching - - Multisubject Collective Works - - - General

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