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Restructuring And Labor Market Efficiency In Romania During The Period Of Transition

Author

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  • Zaman, Constantin

    (Institute of Economic Forecasting)

Abstract

The paper attempts to evaluate the degree of restructuring of the Romanian labor market, namely the evolution of the labor efficiency over the transition period. The purpose is to reveal to which extent the transition reforms have brought higher efficiency into the economy, in which way the privatization increased the labor productivity in the private sector and what happened with the remaining state companies in terms of productivity and efficiency. The results point out to a still long way until the completion of the employment adjustment, the still insufficient development of the private sector (despite its increasing share in the overall economic activity) in terms of productivity, economic efficiency and capability to absorb the labor laid off by the public enterprises.

Suggested Citation

  • Zaman, Constantin, 2004. "Restructuring And Labor Market Efficiency In Romania During The Period Of Transition," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 1(1), pages 15-24, February.
    • Handle: RePEc:rjr:romjef:v:1:y:2004:i:1:p:15-24
    as

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    More about this item

    Keywords

    labor market restructuring; privatization; productivity; labor market efficiency;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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