Total Factor Productivity in the EU - Direct and Indirect Impact of Labor Market Institutions
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F20%3A00115762" target="_blank" >RIV/00216224:14560/20:00115762 - isvavai.cz</a>
Výsledek na webu
<a href="https://uni.uhk.cz/hed/site/assets/files/1074/proceedings_2020_1.pdf" target="_blank" >https://uni.uhk.cz/hed/site/assets/files/1074/proceedings_2020_1.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2020-01-030" target="_blank" >10.36689/uhk/hed/2020-01-030</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Total Factor Productivity in the EU - Direct and Indirect Impact of Labor Market Institutions
Popis výsledku v původním jazyce
Total factor productivity is an essential determinant of long-run growth. Given the dissatisfactory evolution of TFP in member states of the EU, determination of key factors of productivity growth is essential for better economic performance of member states. The goal of the paper is to quantify direct and indirect impact of labor market institutions and knowledge on total factor productivity growth in member states of the European Union with emphasis on their interactions. By means of least square dummy variables panel data regression, the impact of R&D, human capital and five institutions on total factor productivity growth is estimated. Empirical analysis is conducted on dataset covering observations for 28 member states over 1998-2016. Regression results approve the theoretically expected productivity enhancing effect of knowledge and indicate significantly negative impact of labor market institutions on TFP growth. Besides direct effects, labor market institutions negatively influence productivity growth via their impact on human capital and R&D. Therefore, policy measures that support knowledge accumulation and reform current institutional set up on labor markets are essential for boosting productivity growth in the EU.
Název v anglickém jazyce
Total Factor Productivity in the EU - Direct and Indirect Impact of Labor Market Institutions
Popis výsledku anglicky
Total factor productivity is an essential determinant of long-run growth. Given the dissatisfactory evolution of TFP in member states of the EU, determination of key factors of productivity growth is essential for better economic performance of member states. The goal of the paper is to quantify direct and indirect impact of labor market institutions and knowledge on total factor productivity growth in member states of the European Union with emphasis on their interactions. By means of least square dummy variables panel data regression, the impact of R&D, human capital and five institutions on total factor productivity growth is estimated. Empirical analysis is conducted on dataset covering observations for 28 member states over 1998-2016. Regression results approve the theoretically expected productivity enhancing effect of knowledge and indicate significantly negative impact of labor market institutions on TFP growth. Besides direct effects, labor market institutions negatively influence productivity growth via their impact on human capital and R&D. Therefore, policy measures that support knowledge accumulation and reform current institutional set up on labor markets are essential for boosting productivity growth in the EU.
Klasifikace
Druh
D - Stať ve sborníku
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
S - Specificky vyzkum na vysokych skolach
Ostatní
Rok uplatnění
2020
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název statě ve sborníku
Proceedings of the international scientific conference Hradec Economic Days 2020
ISBN
9788074357763
ISSN
2464-6059
e-ISSN
2464-6067
Počet stran výsledku
10
Strana od-do
265-274
Název nakladatele
University of Hradec Kralove
Místo vydání
Hradec Králové
Místo konání akce
Hradec Králové
Datum konání akce
1. 1. 2020
Typ akce podle státní příslušnosti
WRD - Celosvětová akce
Kód UT WoS článku
000568108700029