In: Ekonomický časopis/Journal of Economics, vol. 69, no. 9
Petra Chovancová
Detaily:
Rok, strany: 2021, 928 - 953
Jazyk: eng
Kľúčové slová:
total factor productivity, productivity convergence, the European Union, labour market institutions;
JEL Classification: C33, I25, J48, O43, O47
Typ článku: Vedecký článok / Article
Typ dokumentu: PDF / PDF
O článku:
Given the relatively low level of productivity and the persisting productivity gap (between the European Union and the United States, and among the member states), 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 the suggestion about the decisive role of labour market institutions.
Given the relatively low level of productivity and the persisting productivity gap (between the European Union and the United States, and among the member states), 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 the suggestion about the decisive role of labour market institutions.
Ako citovať:
ISO 690:
Chovancová, P. 2021. Productivity Convergence in the European Union – The Role of Labour Market Institutions. In Ekonomický časopis/Journal of Economics, vol. 69, no.9, pp. 928-953. 0013-3035. DOI: https://doi.org/10.31577/ekoncas.2021.09.03
APA:
Chovancová, P. (2021). Productivity Convergence in the European Union – The Role of Labour Market Institutions. Ekonomický časopis/Journal of Economics, 69(9), 928-953. 0013-3035. DOI: https://doi.org/10.31577/ekoncas.2021.09.03
O vydaní:
Vydavateľ: Ekonomický ústav SAV / Ekonomický ústav SAV
Publikované: 13. 12. 2021