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The Impact Of Labour Market Institutions On Productivity In A Sectoral Approach

Author

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  • Mate Domician

    (University of Debrecen, Faculty of Economics and Business Administration, H-4028, Hungary, Debrecen, Kassai Str. 26.)

Abstract

This research paper aims for an empirical validation of the impact of labour institutions on productivity growth. The main objective of this study is to analyse labour and economic growth tendencies of the period between 1980 and 2008 in various OECD countries. In our estimations we followed a specific taxonomy to identify the main features of productivity (output per capita) growth in different labour-skilled branches. Besides determining the sectoral differences of labour demand by standard comparative statistics, we used in our model specification a dynamic panel regression method. All in all, we conclude that the high-skilled branches achieved better economic growth performance than the lower-skilled ones in most of the OECD countries. Analysing the time series panel data of these countries we also claim that productivity growth was negatively correlated with unemployment benefits and employment legislation in the long run.

Suggested Citation

  • Mate Domician, 2014. "The Impact Of Labour Market Institutions On Productivity In A Sectoral Approach," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 359-368, July.
    • Handle: RePEc:ora:journl:v:1:y:2014:i:1:p:359-368
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    File URL: http://anale.steconomiceuoradea.ro/volume/2014/n1/038.pdf
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    References listed on IDEAS

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    Cited by:

    1. Imran SARIHASAN, 2016. "Immigration Growth Tendencies In Oecd Countries," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 12, pages 547-553, December.

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    More about this item

    Keywords

    abour market institutions; productivity changes; sectoral approach;
    All these keywords.

    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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