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Labour Market Flexibility In Terms Of Internal Migration

Author

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  • AILENEI DOREL
  • BUNEA DANIELA

Abstract

Modern economies have a high dynamics because of the rapid fluctuations of macroeconomic variables and parameters. Moreover, globalization emphasises the interdependencies among national economies, increasing their production capacities but, at the same time, making them more vulnerable to external perturbations. Shocks resulting from this turmoil can be absorbed depending on the degree of macromarket flexibility: goods market, labour market and money market. This flexibility becomes even more important for the member states of some optimal currency areas (OCA) because it considers both the mobility of production factors and the symmetry of business cycle transmission; i.e. the correlation of macroeconomic policies. The authors of this paper intend to analyse the situation of the internal mobility of workers as a basis for labour market flexibility.

Suggested Citation

  • Ailenei Dorel & Bunea Daniela, 2010. "Labour Market Flexibility In Terms Of Internal Migration," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 153-158, July.
    • Handle: RePEc:ora:journl:v:1:y:2010:i:1:p:153-158
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    File URL: http://anale.steconomiceuoradea.ro/volume/2010/n1/023.pdf
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    Cited by:

    1. Kuokštis, Vytautas & Asali, Muhammad & Spurga, Simonas Algirdas, 2022. "Labor market flexibility and exchange rate regimes," European Journal of Political Economy, Elsevier, vol. 75(C).

    More about this item

    Keywords

    labour flexibility; internal migration; theories of migration; determinants of migration; migration modelling;
    All these keywords.

    JEL classification:

    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials

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