Productivity Convergence in the European Union – The Role of Labour Market Institutions [in review process]

Název česky Konvergence produktivity v Evropské unii - Role institucí trhu práce
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CHOVANCOVÁ Petra

Rok publikování 2021
Druh Článek v odborném periodiku
Časopis / Zdroj Ekonomický časopis
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Klíčová slova Total Factor Productivity; Productivity Convergence; the European Union; Labour Market Institutions
Popis Given the relatively low level of productivity and the persisting productivity gap, 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 our suggestion about the decisive role of labour market institutions.
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