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Unfavourable Productivity Growth in the European Union - The Role of Labour Market Institutions

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ČEKMEOVÁ Petra

Rok publikování 2016
Druh Článek ve sborníku
Konference Hradec Economic Days 2016
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www http://fim2.uhk.cz/hed/images/KOMPLET_16.pdf
Obor Ekonomie
Klíčová slova TFP; European Union; Labour Market Institutions; Panel Data; Labour productivity
Popis Could be blamed the European labour markets for the unfavourable development of the productivity growth in the EU? This paper investigates the relation between selected labour market institutions and productivity growth in 19 EU member states. The effects of previous labour market regulations via youth and long-term unemployment are also considered. The analysis is executed for the period from 1995 to 2013. As analytical tool, panel data model with fixed effects is applied. The results suggest significantly positive effect of trade unions and robust negative effects of active labour market policies and unemployment benefits on both total factor and labour productivity growth.
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