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In: Ekonomický časopis/Journal of Economics, vol. 66, no. 7
Gratiela Georgiana Noja - Mirela Cristea

Working Conditions and Flexicurity Measures as Key Drivers of Economic Growth: Empirical Evidence for Europe

Details:

Year, pages: 2018, 719 - 749
Language: eng
Keywords: working conditions, flexicurity, economic growth, welfare, labor market, cluster analysis, structural equations modelling (SEM); JEL Classification: J81, J28, O47
Article type: Vedecký

About article:

The paper aims to design a general assessment framework of working conditions in Europe and associated flexicurity measures, as main drivers of economic growth. We focused on a panel of EU-28 MS and on a sub-panel of 10 CEE countries. First, we conducted a complex cluster analysis based on the Ward method and Euclidian distance that allowed for a proper grouping of EU-28 MS according to the three job quality indices. Second, we configured two SEM models that capture the impact of working conditions and flexicurity measures on labor productivity and economic output. The results highlight that CEE countries have a less flexible working program compared to the other MS. The estimations for flexicurity and job quality interdependencies reveal important positive contributions of the working dimensions and external numerical flexibility credentials to labor productivity, GDP per capita, and a reduction of the poverty risk.

How to cite:

ISO 690:
Noja, G., Cristea, M. 2018. Working Conditions and Flexicurity Measures as Key Drivers of Economic Growth: Empirical Evidence for Europe. In Ekonomický časopis/Journal of Economics, vol. 66, no.7, pp. 719-749. ISSN 0013-3035.

APA:
Noja, G., Cristea, M. (2018). Working Conditions and Flexicurity Measures as Key Drivers of Economic Growth: Empirical Evidence for Europe. Ekonomický časopis/Journal of Economics, 66(7), 719-749. ISSN 0013-3035.

About edition:

Publisher: Ekonomický ústav SAV a Prognostický ústav CSPV SAV
Published: 21. 8. 2018