Jobless growth in the Central and Eastern European Countries. A country specific panel data analysis for the manufacturing industry.

Onaran, Özlem (2007) Jobless growth in the Central and Eastern European Countries. A country specific panel data analysis for the manufacturing industry. Department of Economics Working Paper Series, 103. Inst. für Volkswirtschaftstheorie und -politik, WU Vienna University of Economics and Business, Vienna.

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Abstract

This paper estimates a labor demand equation based on the panel data of manufacturing industry in the Central and Eastern European Countries (the Czech Republic, Hungary, Poland, Slovakia, Slovenia, Lithuania, Bulgaria, and Romania) in order to test the effect of domestic factors (wages and output) and international factors (exports, imports, and FDI) on employment during the era of post -transition recovery. The findings indicate that employment does not respond to wages in more than half of the cases. The output elasticity of labor demand is mostly positive, but low, with a number of cases where employment is completely de-linked from output. An impressive speed of integration to the European economic sphere through FDI and international trade has not prevented job losses in the manufacturing industry. While there are very few cases of positive effects, insignificant effects of trade and FDI dominate the findings with some evidence of negative effects as well. (author's abstract)

Item Type: Paper
Keywords: Central and Eastern European Countries / employment / FDI / trade
Classification Codes: RVK QG 470, QK 000 ; JEL F16, F21, J23
Divisions: Departments > Volkswirtschaft
Depositing User: Repository Administrator
Date Deposited: 27 Mar 2007 09:52
Last Modified: 22 Oct 2019 00:41
URI: https://epub.wu.ac.at/id/eprint/372

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