Publication details

Labour market institutions in the European Union and their impact on total factor productivity growth (forthcoming)



Year of publication 2020
Type Article in Periodical
Magazine / Source Ekonomická revue - Central European Review of Economic Issues
MU Faculty or unit

Faculty of Economics and Administration

Keywords Labour Market Institutions; Total Factor Productivity; the European Union; Panel Data Regression
Description Thepaper provides an inside into the institutional set-up oflabour marketsin member states of the European Union. Besidecurrent trends, the impact of labour market insitutions on overaleconomic performance is assessed. The main goal of this paper is to determine the effect ofselected labour market institutions on total factor produc-tivity growth inthe European union, with emphasison their interactions. More precisely,fivelabour market institutionsare considered: active labour market policies,employmentprotection legislation,minimum wage, trade unionsand unemployment benefits. The impact of institutions on productivity growth will be estimated by application of apolicy-augmented productivity equationviapanel data regression models. The empirical analysis will be conducted onunbalanced dataset covering observations on 28 member states of the European union over 1995-2017.The main resultsapprove our assumptionsthat besidethe direct effect of selected labour market isntitutions their interactions are also decisive in determinationof total factor productivitygrowth.
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