Relationship between price and wage in Ukraine: system dynamic evaluation
The subject of our research is to take a closer look at the relationship between wages and prices, in case of Ukraine. By view of Ricardo, prices are determined by wages. Broadly speaking, prices are determined by cost of production, while cost of production is determined by cost of labor.
the Ukrainian economy, wages and prices, overtime working day, conference materials
Savolchuk K. Relationship between price and wage in Ukraine: system dynamic evaluation / Savolchuk Kateryna, Oliskevych Marianna // 3rd Annual Research Conference "Theory and practice of system dynamics in finance" : proceedings, December 7, 2020, Kyiv / ed. by Olena Primierova ; National University of Kyiv-Mohyla Academy, Department of Finance, Center of Financial and Economic Research [et al.]. - Kyiv : [Інтерсервіс], 2020. - P. 72-77.