Relationship between salary and economic development in the agricultural sector in Bulgaria
Relationship between salary and economic development in the agricultural sector in Bulgaria

Author(s): Tsvetana Harizanova-Metodieva, Hristina Harizanova-Bartos
Subject(s): Economy, Agriculture
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: salaries in agriculture; employed persons; investments in agriculture; correlations; regression model
Summary/Abstract: The aim of the study was to analyze the relationship between salary and economic development in the agricultural sector in Bulgaria. The following statistics, concerning the agricultural sector, were used: average annual wages and salaries of the employees under labor contract; employed persons; Gross Value Added; expenditure on acquisition of tangible fixed assets and other subsidies on production. Correlation coefficients were calculated for the primary data and for the first, second and third differences. A regression model was developed and it showed that the average annual salaries in agriculture could be explained to some degree by its value in the previous period. The increases in the subsidies and in the investments significantly push salaries up, and vice versa.

• Details
• Contents