Paper in PDFZaharia OLARESCU, Scientific Researcher,National Institute of Economic Research, Republic of Moldova
Competitiveness is an essential feature of the contemporary economy. The aim of the paper is to treat the Moldovan economy’s ability to be competitive in terms of labor productivity, employee remuneration, unit labor cost. The study is based on the information analysis submitted by the National Bureau of Statistics, such as: gross value added, salary fund, number of employees and working hours on the national economy and branches for years 2000-2016. Statistical information of the countries concerned has been used for comparative analysis.
Study reveals that the low labor productivity determines low salaries in national economy. The lowest productivity and the worst labor remuneration are found in agriculture. The unit labor cost, which determines the correlation between labor productivity and wage has a more advanced pace of growth in services, doubting the justification for the increase in wages in some activities that far exceed growth of labor productivity. The evolution of this indicator is relatively satisfactory in industry and agriculture. Moldova continues to occupy one of the last places among the countries in the region in terms of labor productivity and medium monthly salary.