The Growth of competitiveness as a result of the changes of wage and employment

The concept of competitiveness is a multidimensional and is closely related to the country‘s ability to adapt to a constantly changing environment. The growth of competitiveness depends on the main aspects of wage and employment, which is influenced by micro and macro factors. The objective of this article is to assess the link between the wage, employment and competitiveness. The following tasks have been implemented: to analyse the scientific literature about competitiveness and its factors; to reveal the changes of wages and employment; to assess the impact of main factors on competitiveness. In the article, the following methods of analysis are used: an analysis and summarize of the scientific literature, analysis of the statistical data, correlation-regression analysis

Features of the assessment of factors influencing productivity

Purpose – productivity is an economic category that is dependent on many internal and external factors and the assessment and management of these factors positively affects the country’s economic situation. The aim of this article is to identify the main factors that influence productivity and their relationship. Research methodology – the methodology of the article give information about the Granger causality test that was applied in order to assess the factors influence on productivity. Findings – the results of deeper researches of productivity and the assessment of the selected factors have shown that the strongest impact on productivity has the investments and wages. Research limitations – at this article the following research limitations are applied: amount (due to the analysis of productivity and its determinants it is possible to mention that not all factors that have an influence on productivity are included in the concept of research), time (the data of the 1995–2017 y.y. are analyzed) and the method (the most appropriate alternative for the analysis is the use of the Granger causality test). Practical implications – the improvement of the country’s economic situation is possible due to the targeted management of the factors, that have the greatest impact on productivity. Originality/Value – new variables are included in the analysis of productivity and factors that have an influence on it and the evaluation of these factors is carried out in the case of Baltic States