Institutional Rigidities As Specific Features Of The Weakly Structured Economies And Their Effects On Economic Growth - The Effects On Economic Growth: The Case Of Industrial Labor Market
AbstractThe authors start by underlining the main common features and the main differences between Poland and Romania at a macro level. The second section realizes an in-depth analysis of the sectoral developments in Poland and Romania. We find important divergences with regard to production and employment. The evolution of sectoral employment in Romanian manufacturing reflects the tendency of specialization towards labor intensive branches. We also find two divergent tendencies for relative wages, as some sectors have growing wages primarily on efficiency reasons, while others primarily due to insider pressures.
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Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Journal for Economic Forecasting.
Volume (Year): (2001)
Issue (Month): 2 (June)
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institutions; labor market; industry; economic growth; transition economies;
Find related papers by JEL classification:
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- J0 - Labor and Demographic Economics - - General
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