Theoretical and Applied Economics
No. 2 / 2015 (603), Summer
Technological revolution, labor markets and income distribution in the knowledge economy
Bucharest University of Economic Studies, Romania
Abstract. The concept of knowledge-based economy is a new model of economic development.
In this article I am analyzing the defining elements of the knowledge economy in Europe and Romania, in terms of the technological revolution, the labor market and income distribution. In order to perform this analysis, I will use the following economic indicators: the scientific research spending, the number of patents and the Gini index. To effectively compare the economic indicators that define the knowledge economy in the EU and in our country, I will test a series of econometric equations that describe the correlations between the Gini indexes and the determinant factors of the technological progress. Due to the complexity of interactions there will be used autoregressive tools. The comparison of the different forms of econometric estimation will take into consideration the results of similar studies in the literature, respectively the specific conditions in Romania. There will be analyzed the implications of new technologies on labor market and the income dynamics in the Romanian economy. On the other hand, there will be taken into account the impact of the current global economic crisis on the economic indicators analyzed. The conclusions of the analysis will be reported to the requirements of the EU's strategic programs, in particular the “Europe 2020”.
Contents
Instruments and practices concerning the absorption and use of structural and cohesion funds in Romania
Foreign direct investment and income inequality in Central and Eastern Europe
Exports – trends and impacts on Romania’s economic growth process
Innovation and regional performance in Romania
A multidisciplinary approach of communication
The issue of “true” money in front of the BitCoin's offensive
Public choice and the social beneficiary
Stock market – economy growth nexus in an emerging country. The case of Romania
Determinants of savings in the APEC countries
The status of Romanian agriculture and some measures to take
Education and society: an institutional approach
Financial audit – feckless for economic re-launch
Empirical evidence on the Ricardian equivalence in Romania
Minimum wage – labour market rigidity factor
Regional convergence. Case of Romania
The exchange rate volatility in the Central and Eastern European Countries
A study of the impossible trinity in Romania
Governance process improvement and development by audit consolitation
Analysis of the evolution of foreign direct investment in the European Union, amid the global economic crisis
Types of international cooperation at the local level Bucharest city hall case study
Short-run determinants of the USD/PLN exchange rate and policy implications
The use of behavioral economics in promoting public policy
New paradigms imposed by the global financial crisis
Are financial audit elements and corporate governance policies solutions for the economic crisis?
The kids are alright? A note on parental satisfaction in Germany
Technological revolution, labor markets and income distribution in the knowledge economy
The effects of competition regulations on mobile telecommunication markets
National convergence policy in education. Case study Romania