IDEAS home Printed from https://ideas.repec.org/a/eee/ecmode/v104y2021ics0264999321002157.html
   My bibliography  Save this article

Central and Eastern European economies in a Goldilocks age: A model of labor market institutional choice

Author

Listed:
  • Grodzicki, Maciej J.
  • Możdżeń, Michał

Abstract

We construct a simple model of a small, open economy with two macroeconomic variables of interest, namely, wage and employment dynamics and two institutions, namely, employment protection legislation (EPL) and minimum wage level (MW). Using stylized facts about macroeconomic performance and labor market reforms in Central Eastern European countries (CEEC) and assuming that the government wants to maximize equilibrium payroll, we can reproduce interesting labor market dynamics in these economies similar to those observed after the global financial crisis (GFC). This includes increased labor market resilience coupled with an increase in MW level and an implicitly higher EPL, with a partial reversal of a secular trend toward temporary employment. We conclude that a degree of complementarity (or at least weakened substitution) exists between worker-friendly EPL and MW policies in the peculiar economic circumstances that CEEC found themselves in the years after the GFC. We call these circumstances a Goldilocks period for the labor market.

Suggested Citation

  • Grodzicki, Maciej J. & Możdżeń, Michał, 2021. "Central and Eastern European economies in a Goldilocks age: A model of labor market institutional choice," Economic Modelling, Elsevier, vol. 104(C).
    • Handle: RePEc:eee:ecmode:v:104:y:2021:i:c:s0264999321002157
    DOI: 10.1016/j.econmod.2021.105626
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0264999321002157
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econmod.2021.105626?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Katalin Bodnár & Ludmila Fadejeva & Stefania Iordache & Liina Malk & Desislava Paskaleva & Jurga Pesliakaitė & Nataša Todorović Jemec & Peter Tóth & Robert Wyszyński, 2018. "How do firms adjust to rises in the minimum wage? Survey evidence from Central and Eastern Europe," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 7(1), pages 1-30, December.
    2. Thomas Prosser, 2016. "Dualization or liberalization? Investigating precarious work in eight European countries," Work, Employment & Society, British Sociological Association, vol. 30(6), pages 949-965, December.
    3. Gabriel Chodorow-Reich & John Coglianese & Loukas Karabarbounis, 2019. "The Macro Effects of Unemployment Benefit Extensions: a Measurement Error Approach," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 227-279.
    4. Anthony P. Thirlwall, 2011. "The Balance of Payments Constraint as an Explanation of International Growth Rate Differences," PSL Quarterly Review, Economia civile, vol. 64(259), pages 429-438.
    5. Holmlund, Bertil, 2014. "What do labor market institutions do?," Labour Economics, Elsevier, vol. 30(C), pages 62-69.
    6. Le Barbanchon, Thomas & Rathelot, Roland & Roulet, Alexandra, 2019. "Unemployment insurance and reservation wages: Evidence from administrative data," Journal of Public Economics, Elsevier, vol. 171(C), pages 1-17.
    7. Erling Barth & Alex Bryson & Harald Dale-Olsen, 0. "Union Density Effects on Productivity and Wages," Economic Journal, Royal Economic Society, vol. 130(631), pages 1898-1936.
    8. Bolesław Domański & Krzysztof Gwosdz, 2009. "Toward a More Embedded Production System? Automotive Supply Networks and Localized Capabilities in Poland," Growth and Change, Wiley Blackwell, vol. 40(3), pages 452-482, September.
    9. João P. Romero & John S. L. McCombie, 2016. "The Multi-Sectoral Thirlwall’s Law: evidence from 14 developed European countries using product-level data," International Review of Applied Economics, Taylor & Francis Journals, vol. 30(3), pages 301-325, May.
    10. Davies, Ronald B. & Vadlamannati, Krishna Chaitanya, 2013. "A race to the bottom in labor standards? An empirical investigation," Journal of Development Economics, Elsevier, vol. 103(C), pages 1-14.
    11. Vasily Astrov & Mario Holzner & Sebastian Leitner & Isilda Mara & Leon Podkaminer & Armon Rezai, 2019. "Wage Developments in the Central and Eastern European EU Member States," wiiw Research Reports 443, The Vienna Institute for International Economic Studies, wiiw.
    12. Ernesto Villanueva & Effrosyni Adamopoulou, 2022. "Employment and wage effects of extending collective bargaining agreements," IZA World of Labor, Institute of Labor Economics (IZA), pages 136-136, April.
    13. Ekkehard Ernst & Peter Flaschel & Christian Proano & Willi Semmler, 2006. "Disequilibrium Macroeconomic Dynamics, Income Distribution and Wage-Price Phillips Curves," IMK Working Paper 04-2006, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    14. Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Bernhard Schütz, 2020. "Structural change in times of increasing openness: assessing path dependency in European economic integration," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1467-1495, November.
    15. Arslan Razmi & Robert Blecker, 2008. "Developing Country Exports of Manufactures: Moving Up the Ladder to Escape the Fallacy of Composition?," Journal of Development Studies, Taylor & Francis Journals, vol. 44(1), pages 21-48.
    16. Werner Eichhorst & Paul Marx & Caroline Wehner, 2017. "Labor market reforms in Europe: towards more flexicure labor markets?," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 51(1), pages 1-17, December.
    17. Maya Bacache-Beauvallet & Etienne Lehmann, 2008. "Minimum wage or negative income tax: why skilled workers may favor wage rigidities," Spanish Economic Review, Springer;Spanish Economic Association, vol. 10(1), pages 63-81, March.
    18. Tito Boeri & Pietro Garibaldi, 2007. "Two Tier Reforms of Employment Protection: a Honeymoon Effect?," Economic Journal, Royal Economic Society, vol. 117(521), pages 357-385, June.
    19. Philipp Heimberger, 2021. "Does employment protection affect unemployment? A meta-analysis," Oxford Economic Papers, Oxford University Press, vol. 73(3), pages 982-1007.
    20. Sandrine Cazes & Alena Nesporova, 2004. "Labour markets in transition: balancing flexibility and security in Central and Eastern Europe," Revue de l'OFCE, Presses de Sciences-Po, vol. 91(5), pages 23-54.
    21. Tito Boeri & J. Ignacio Conde-Ruiz & Vincenzo Galasso, "undated". "Cross-skill Redistribution and the Tradeoff between Unemployment Benefits and Employment Protection," Working Papers 2004-26, FEDEA.
    22. David A. MacPherson & James B. Stewart, 1990. "The Effect of International Competition on Union and Nonunion Wages," ILR Review, Cornell University, ILR School, vol. 43(4), pages 434-446, July.
    23. Emiliano Brancaccio & Fabiana De Cristofaro & Raffaele Giammetti, 2020. "No Consensus In The Imf-Oecd 'Consensus': A Meta-Analysis On The Employment Impact Of Labour Deregulations," Working Papers 445, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    24. Bastgen, A. & Holzner, C.L., 2017. "Employment protection and the market for innovations," Labour Economics, Elsevier, vol. 46(C), pages 77-93.
    25. Bhaduri, Amit & Marglin, Stephen, 1990. "Unemployment and the Real Wage: The Economic Basis for Contesting Political Ideologies," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 14(4), pages 375-393, December.
    26. Doruk Cengiz & Arindrajit Dube & Attila Lindner & Ben Zipperer, 2019. "The Effect of Minimum Wages on Low-Wage Jobs," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(3), pages 1405-1454.
    27. Andrea Szalavetz, 2019. "Digitalisation, automation and upgrading in global value chains - factory economy actors versus lead companies," Post-Communist Economies, Taylor & Francis Journals, vol. 31(5), pages 646-670, September.
    28. Michał Pilc & Monika Naskręcka, 2020. "Adjusting employment protection legislation to the economic cycle: do transition countries differ from mature democracies?," Post-Communist Economies, Taylor & Francis Journals, vol. 32(1), pages 24-53, January.
    29. Alessandro Turrini & Gabor Koltay & Fabiana Pierini & Clarisse Goffard & Aron Kiss, 2015. "A decade of labour market reforms in the EU: insights from the LABREF database," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 4(1), pages 1-33, December.
    30. Russell S. Sobel, 1999. "Theory and Evidence on the Political Economy of the Minimum Wage," Journal of Political Economy, University of Chicago Press, vol. 107(4), pages 761-785, August.
    31. Howell, David (ed.), 2004. "Fighting Unemployment: The Limits of Free Market Orthodoxy," OUP Catalogue, Oxford University Press, number 9780195165852.
    32. Saint-Paul, Gilles, 2002. "Employment protection, international specialization, and innovation," European Economic Review, Elsevier, vol. 46(2), pages 375-395, February.
    33. Daron Acemoglu & James A. Robinson, 2015. "The Rise and Decline of General Laws of Capitalism," Journal of Economic Perspectives, American Economic Association, vol. 29(1), pages 3-28, Winter.
    34. Grodzicki, Maciej J. & Skrzypek, Jurand, 2020. "Cost-competitiveness and structural change in value chains – vertically-integrated analysis of the European automotive sector," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 276-287.
    35. van der Wiel, Karen, 2010. "Better protected, better paid: Evidence on how employment protection affects wages," Labour Economics, Elsevier, vol. 17(1), pages 16-26, January.
    36. Dorothee Bohle, 2018. "European Integration, Capitalist Diversity and Crises Trajectories on Europe’s Eastern Periphery," New Political Economy, Taylor & Francis Journals, vol. 23(2), pages 239-253, March.
    37. Zhao, Naibao & Sun, Meng, 2021. "Effects of minimum wage on workers’ on-the-job effort and labor market outcomes," Economic Modelling, Elsevier, vol. 95(C), pages 453-461.
    38. repec:iab:iabjlr:v:51:i:1:p:art.3 is not listed on IDEAS
    39. Saint-Paul, Gilles, 2000. "The Political Economy of Labour Market Institutions," OUP Catalogue, Oxford University Press, number 9780198293323.
    40. Katharina Bluhm & Mihai Varga, 2020. "Conservative Developmental Statism in East Central Europe and Russia," New Political Economy, Taylor & Francis Journals, vol. 25(4), pages 642-659, June.
    41. Isabelle Terraz, 2016. "Economic Growth: The Case of Irreversibility of Investment with Bargaining Power of Workers," International Economic Journal, Taylor & Francis Journals, vol. 30(1), pages 75-86, March.
    42. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth, the Harrod Foreign Trade Multiplier and the Hicks Super-Multiplier," Palgrave Macmillan Books, in: Economic Growth and the Balance-of-Payments Constraint, chapter 6, pages 392-420, Palgrave Macmillan.
    43. Messe, Pierre-Jean & Rouland, Bénédicte, 2014. "Stricter employment protection and firms' incentives to sponsor training: The case of French older workers," Labour Economics, Elsevier, vol. 31(C), pages 14-26.
    44. Dragos Adascalitei & Clemente Pignatti Morano, 2016. "Drivers and effects of labour market reforms: Evidence from a novel policy compendium," IZA Journal of Labor Policy, Springer;Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), vol. 5(1), pages 1-32, December.
    45. Laszlo Bruszt & Ludvig Lundstedt & Zsuzsa Munkacsi, 2020. "Collateral benefit: the developmental effects of EU-induced state building in Central and Eastern Europe," Review of International Political Economy, Taylor & Francis Journals, vol. 27(5), pages 1170-1191, September.
    46. Bjuggren, Carl Magnus, 2018. "Employment protection and labor productivity," Journal of Public Economics, Elsevier, vol. 157(C), pages 138-157.
    47. Simon Sturn, 2011. "The Impact of Monetary Policy on Unemployment Hysteresis," Post-Print hal-00718701, HAL.
    48. Vasily Astrov & Richard Grieveson & Doris Hanzl-Weiss & Sebastian Leitner & Isilda Mara & Hermine Vidovic, 2021. "How do Economies in EU-CEE Cope with Labour Shortages?," wiiw Research Reports 452, The Vienna Institute for International Economic Studies, wiiw.
    49. Giovanni Dosi & Keith Pavitt & Luc Soete, 1990. "The Economics of Technical Change and International Trade," LEM Book Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number dosietal-1990, November.
    50. Bastgen, A. & Holzner, C. L., 2017. "Employment protection and the market for innovations," Munich Reprints in Economics 49925, University of Munich, Department of Economics.
    51. Barron, John M & McAfee, R Preston & Speaker, Paul J, 1986. "Unemployment Insurance and the Entitlement Effect: A Tax Incidence Approach," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 27(1), pages 175-185, February.
    52. repec:iza:izawol:journl:y:2015:p:136 is not listed on IDEAS
    53. Werner Eichhorst & Paul Marx & Caroline Wehner, 2017. "Labor market reforms in Europe: towards more flexicure labor markets?," Journal for Labour Market Research, Springer;Institute for Employment Research/ Institut für Arbeitsmarkt- und Berufsforschung (IAB), vol. 51(1), pages 1-17, December.
    54. Erling Barth & Alex Bryson & Harald Dale-Olsen, 2020. "Union Density Effects on Productivity and Wages," The Economic Journal, Royal Economic Society, vol. 130(631), pages 1898-1936.
    55. Boeri, Tito, 2011. "Institutional Reforms and Dualism in European Labor Markets," Handbook of Labor Economics, in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 4, chapter 13, pages 1173-1236, Elsevier.
    56. Tavani Daniele & Zamparelli Luca, 2015. "Endogenous technical change, employment and distribution in the Goodwin model of the growth cycle," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 19(2), pages 209-216, April.
    57. Olney, William W., 2013. "A race to the bottom? Employment protection and foreign direct investment," Journal of International Economics, Elsevier, vol. 91(2), pages 191-203.
    58. Damian Grimshaw & Gerhard Bosch & Jill Rubery, 2014. "Minimum Wages and Collective Bargaining: What Types of Pay Bargaining Can Foster Positive Pay Equity Outcomes?," British Journal of Industrial Relations, London School of Economics, vol. 52(3), pages 470-498, September.
    59. Cees Van Beers, 1998. "Labour Standards and Trade Flows of OECD Countries," The World Economy, Wiley Blackwell, vol. 21(1), pages 57-73, January.
    60. David Lake, 2009. "Open economy politics: A critical review," The Review of International Organizations, Springer, vol. 4(3), pages 219-244, September.
    61. Rama, Martin & Tabellim, Guido, 1998. "Lobbying by capital and labor over trade and labor market policies," European Economic Review, Elsevier, vol. 42(7), pages 1295-1316, July.
    62. Riccardo Pariboni & Pasquale Tridico, 2020. "Structural change, institutions and the dynamics of labor productivity in Europe," Journal of Evolutionary Economics, Springer, vol. 30(5), pages 1275-1300, November.
    63. Christopher Boone & Arindrajit Dube & Lucas Goodman & Ethan Kaplan, 2021. "Unemployment Insurance Generosity and Aggregate Employment," American Economic Journal: Economic Policy, American Economic Association, vol. 13(2), pages 58-99, May.
    64. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8.
    65. Martin Myant & Jan Drahokoupil, 2012. "International Integration, Varieties of Capitalism and Resilience to Crisis in Transition Economies," Europe-Asia Studies, Taylor & Francis Journals, vol. 64(1), pages 1-33.
    66. Dávila-Fernández, Marwil J. & Sordi, Serena, 2019. "Path dependence, distributive cycles and export capacity in a BoPC growth model," Structural Change and Economic Dynamics, Elsevier, vol. 50(C), pages 258-272.
    67. Tendai Gwatidzo & Busani Moyo, 2014. "Impact of employment protection legislation on employment and exporting in select African countries," Development Southern Africa, Taylor & Francis Journals, vol. 31(2), pages 299-321, March.
    68. Hristos Doucouliagos & T. D. Stanley, 2009. "Publication Selection Bias in Minimum‐Wage Research? A Meta‐Regression Analysis," British Journal of Industrial Relations, London School of Economics, vol. 47(2), pages 406-428, June.
    69. Sébastien Charles, 2016. "An additional explanation for the variable Keynesian multiplier: The role of the propensity to import," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(2), pages 187-205, April.
    70. Emiliano Brancaccio & Fabiana De Cristofaro & Raffaele Giammetti, 2020. "A Meta-analysis on Labour Market Deregulations and Employment Performance: No Consensus Around the IMF-OECD Consensus," Review of Political Economy, Taylor & Francis Journals, vol. 32(1), pages 1-21, July.
    71. Nelson H. Barbosa‐Filho & Lance Taylor, 2006. "Distributive And Demand Cycles In The Us Economy—A Structuralist Goodwin Model," Metroeconomica, Wiley Blackwell, vol. 57(3), pages 389-411, July.
    72. Wojciech Hardy & Roma Keister & Piotr Lewandowski, 2018. "Educational upgrading, structural change and the task composition of jobs in Europe," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(2), pages 201-231, April.
    73. Kálmán Kalotay, 2017. "Post-crisis Crossroads for FDI in CEE," Studies in Economic Transition, in: Balázs Szent-Iványi (ed.), Foreign Direct Investment in Central and Eastern Europe, chapter 2, pages 23-49, Palgrave Macmillan.
    74. Mitchell Orenstein & Bojan Bugaric, 2020. "Populism Amidst Prosperity: Work, Family, Fatherland: The Political Economy of Populism in Central and Eastern Europe," LEQS – LSE 'Europe in Question' Discussion Paper Series 163, European Institute, LSE.
    75. R. M. Goodwin, 1982. "A Growth Cycle," Palgrave Macmillan Books, in: Essays in Economic Dynamics, chapter 12, pages 165-170, Palgrave Macmillan.
    76. Bjuggren, Carl Magnus, 2013. "The Effect of Employment Protection Rules on Firm Productivity - A Natural Experiment," HUI Working Papers 82, HUI Research, revised 30 Oct 2013.
    77. Brancaccio, Emiliano & Garbellini, Nadia & Giammetti, Raffaele, 2018. "Structural labour market reforms, GDP growth and the functional distribution of income," Structural Change and Economic Dynamics, Elsevier, vol. 44(C), pages 34-45.
    78. Giovanni Amendola & Giovanni Dosi & Erasmo Papagni, 1993. "The dynamics of international competitiveness," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 129(3), pages 451-471, September.
    79. Jan Hagemejer & Jakub Mućk, 2019. "Export‐led growth and its determinants: Evidence from Central and Eastern European countries," The World Economy, Wiley Blackwell, vol. 42(7), pages 1994-2025, July.
    80. R. M. Goodwin, 1982. "Essays in Economic Dynamics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05504-3.
    81. Nile W. Hatch & Jeffrey H. Dyer, 2004. "Human capital and learning as a source of sustainable competitive advantage," Strategic Management Journal, Wiley Blackwell, vol. 25(12), pages 1155-1178, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Purcel, Alexandra-Anca & Dragos, Cristian Mihai & Mare, Codruța & Dragos, Simona Laura, 2023. "Voluntary health insurance and out-of-pocket payments in European OECD countries," Economic Modelling, Elsevier, vol. 120(C).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert A. Blecker, 2022. "New advances and controversies in the framework of balance‐of‐payments‐constrained growth," Journal of Economic Surveys, Wiley Blackwell, vol. 36(2), pages 429-467, April.
    2. Bratti, Massimiliano & Conti, Maurizio & Sulis, Giovanni, 2018. "Employment Protection, Temporary Contracts and Firm-Provided Training: Evidence from Italy," IZA Discussion Papers 11339, Institute of Labor Economics (IZA).
    3. Marwil J. Dávila-Fernández, 2018. "Alternative Approaches to Technological Change when Growth is BoPC," Department of Economics University of Siena 795, Department of Economics, University of Siena.
    4. Pawel Chrostek & Krzysztof Karbownik & Michal Myck, 2024. "Labor Market Externalities of Pre-Retirement Employment Protection," CESifo Working Paper Series 11078, CESifo.
    5. Dávila-Fernández, Marwil J. & Sordi, Serena, 2019. "Distributive cycles and endogenous technical change in a BoPC growth model," Economic Modelling, Elsevier, vol. 77(C), pages 216-233.
    6. Arindrajit Dube & Attila Lindner, 2024. "Minimum Wages in the 21st Century," RF Berlin - CReAM Discussion Paper Series 2425, Rockwool Foundation Berlin (RF Berlin) - Centre for Research and Analysis of Migration (CReAM).
    7. Diego Daruich & Sabrina Di Addario & Raffaele Saggio, 2023. "The Effects of Partial Employment Protection Reforms: Evidence from Italy," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 90(6), pages 2880-2942.
    8. Dosi, Giovanni & Roventini, Andrea & Russo, Emanuele, 2019. "Endogenous growth and global divergence in a multi-country agent-based model," Journal of Economic Dynamics and Control, Elsevier, vol. 101(C), pages 101-129.
    9. Paolo Emilio Mistrulli & Tommaso Oliviero & Zeno Rotondi & Alberto Zazzaro, 2023. "Job Protection and Mortgage Conditions: Evidence from Italian Administrative Data," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 85(6), pages 1211-1237, December.
    10. Bratti, Massimiliano & Conti, Maurizio & Sulis, Giovanni, 2019. "Employment Protection and Firm-Provided Training: Quasi-Experimental Evidence from a Labour Market Reform," IZA Discussion Papers 12773, Institute of Labor Economics (IZA).
    11. Roy, Jayjit, 2021. "The effect of employment protection legislation on international trade," Economic Modelling, Elsevier, vol. 94(C), pages 221-234.
    12. Bratti, Massimiliano & Conti, Maurizio & Sulis, Giovanni, 2021. "Employment protection and firm-provided training in dual labour markets," Labour Economics, Elsevier, vol. 69(C).
    13. Tito Boeri & Jan van Ours, 2013. "The Economics of Imperfect Labor Markets: Second Edition," Economics Books, Princeton University Press, edition 1, number 10142.
    14. Sebastian Butschek & Jan Sauermann, 2024. "The Effect of Employment Protection on Firms’ Worker Selection," Journal of Human Resources, University of Wisconsin Press, vol. 59(6), pages 1981-2020.
    15. Bottega, Ana & Romero, João P., 2021. "Innovation, export performance and trade elasticities across different sectors," Structural Change and Economic Dynamics, Elsevier, vol. 58(C), pages 174-184.
    16. Araujo, Ricardo Azevedo & Teixeira, Joanilio Rodolpho, 2021. "An appraisal of neo-Kaldorian theories from a structural economic dynamics perspective," Structural Change and Economic Dynamics, Elsevier, vol. 59(C), pages 247-255.
    17. Amendola, Marco & Ciampa, Valerio & Germani, Lorenzo, 2024. "The distributional effects of labour market deregulation: Wage share and fixed-term contracts," Structural Change and Economic Dynamics, Elsevier, vol. 69(C), pages 328-338.
    18. Spinola, Danilo, 2023. "Instability constraints and development traps: an empirical analysis of growth cycles and economic volatility in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    19. Werner Eichhorst & Paul Marx, 2021. "How stable is labour market dualism? Reforms of employment protection in nine European countries," European Journal of Industrial Relations, , vol. 27(1), pages 93-110, March.
    20. Michele Capriati & Valeria Cirillo & Marialuisa Divella, 2024. "Productivity slowdown across European regions: does non-standard work matter?," Regional Studies, Taylor & Francis Journals, vol. 58(9), pages 1687-1709, September.

    More about this item

    Keywords

    Labour market institutions; Export-led growth; Political choice; Open economy;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecmode:v:104:y:2021:i:c:s0264999321002157. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/30411 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.