Productivity in the European Union: Do Labour Market Institutions Really Matter?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F16%3A00089996" target="_blank" >RIV/00216224:14560/16:00089996 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Productivity in the European Union: Do Labour Market Institutions Really Matter?
Original language description
In recent years, many policy papers have suggested that the institutional setup of the labour markets have considerable influence on the economic performance. But, what about the European Union? Is the declining trend of the European productivity connected with the European labour market institutions? This paper investigates the impact of selected labour market institutions and their interactions on the total factor productivity growth in 19 EU member states. As basis for the empirical analysis, an endogenous growth model extended by institutions is derived. As analytical tool, panel data model is applied. The analysis covers the period from 1995 to 2013. Data for total factor productivity growths were calculated using growth accounting method. The results suggest that labour market institutions really matter, in the sense that they are statistically significant in explaining the European total factor productivity growth in the analysed period.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 3rd International Conference on European Integration 2016
ISBN
9788024839110
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
116-124
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Jan 1, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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