Publication details

Productivity Convergence in the European Union – The Role of Labour Market Institutions [in review process]

Title in English Productivity Convergence in the European Union – The Role of Labour Market Institutions
Authors

CHOVANCOVÁ Petra

Year of publication 2021
Type Article in Periodical
Magazine / Source Ekonomický časopis
MU Faculty or unit

Faculty of Economics and Administration

Citation
Keywords Total Factor Productivity; Productivity Convergence; the European Union; Labour Market Institutions
Description Given the relatively low level of productivity and the persisting productivity gap, measures to enhance total factor productivity growth and productivity convergence in the member states of the European Union are inevitable. The aim of this paper is to determine the factors influencing productivity convergence in member states of the European union, with emphasis on the role of selected labour market institutions. By means of fixed effects panel regression (LSDV estimator), a catch-up specification of production function and its extensions are estimated. The empirical analysis is conducted on a dataset covering observations from 1995 to 2017 for all member states of the European Union. The empirical results have approved the role of knowledge in determining total factor productivity convergence and our suggestion about the decisive role of labour market institutions.
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