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dc.contributor.authorJasinavičius, Rimvydas
dc.contributor.authorGaniprauskas, Vidmantas
dc.date.accessioned2017-09-28T11:41:42Z
dc.date.available2017-09-28T11:41:42Z
dc.identifier.issn1822-8011
dc.identifier.urihttps://repository.mruni.eu/handle/007/14717
dc.language.isoenen
dc.publisherVilnius: Mykolo Romerio universitetasen
dc.rightsinfo:eu-repo/semantics/openAccess
dc.titlePurchasing power and value of the average wage in the Baltic Statesen
dc.typeArticleen
dc.description.abstract-ltBefore the financial crisis, the Baltic States had the highest growth rate of the Gross domestic product (hereinafter – GDP) in the European Union. Also, these States were called “the Baltic tigers”. During the crisis, the decline of GDP was the highest in the Baltic States. After the crisis, economic indicators of Estonia economy had the highest growth rates in the European Union. Such progress and life quality in Estonia surprises the other two neighboring Baltic States – Latvia and Lithuania. However, GDP of Lithuania exceeds the GDP indicator of Estonia almost twice in absolute value (Eurostat). Since October 1, 2014, the minimum monthly wage in Lithuania increased by 3.5 percent. Based on information provided by the European Union Statistics (hereinafter – Eurostat), from 2004, the average wage in the Baltic States on average increased by 8.2, 10.3, and 7.7 percent per annum. It should be emphasized that the growth rate of the average wage in monetary expression significantly fell behind the actual decline rate of the wage purchasing power. During the period of 2004-2013, the purchasing power and value of the average wage in the Baltic States has decreased in respectively assessing by the standard coefficient of inflation and the “Gold Standard”.en
dc.doi10.13165/IE-14-8-2-03en
dc.editorial.boardYraen
dc.identifier.alephelaba:8631842en
dc.publication.sourceIntelektinė ekonomika. ISSN 1822-8011, 2014, T. 8, Nr. 2(20)en
dc.subject.facultyEkonomikos ir finansų valdymo fakultetasen
dc.subject.keywordThe value of income and depreciationen
dc.subject.keywordThe value of income calculationen
dc.subject.keywordThe value of the average monthly wagesen
dc.subject.publicationtypeS4en
dc.subject.sciencedirection04S - Ekonomikaen
dc.subject.sciencedirection03S - Vadybaen


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