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Crises and Joint Employment–Productivity Dynamics: A Comparative Perspective for European Countries

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  • Enrico Marelli

    (Department of Economics, University of Brescia, via San Faustino 74/B, 25122 Brescia, Italy.)

  • Marcello Signorelli

    (Department of Economics, Finance and Statistics, University of Perugia, via A. Pascoli, 20, 06123 Perugia, Italy.)

  • Joanna Tyrowicz

    (1] Faculty of Economics, University of Warsaw, ul. Dluga 44/50, 00-241 Warszawa, Poland[2] National Bank of Poland, ul. Swietokrzyska 11/21, 00-919 Warszawa, Poland[3] Rimini Centre for Economic Analysis, Rimini, Italy.)

Abstract

This paper investigates the short-term joint dynamics of productivity and employment during economic down cycles in EU economies over the past 20 years. We disentangle changes in output into changes in employment and in productivity. We focus on the last two decades, highlighting the peculiarities of the latest recession. In particular, we show that there have been four major types of adjustments caused by the fall in output in Europe. We also suggest some possible fundamental institutional aspects that could explain both this phenomenon and peculiarities of this last recession.

Suggested Citation

  • Enrico Marelli & Marcello Signorelli & Joanna Tyrowicz, 2012. "Crises and Joint Employment–Productivity Dynamics: A Comparative Perspective for European Countries," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(2), pages 361-394, June.
    • Handle: RePEc:pal:compes:v:54:y:2012:i:2:p:361-394
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    2. Sonia Joijc, 2017. "Sustainable Tourism in the Albanian Riviera - Cultural Routes Contibution in Sustainable Tourism in the Albanian Riviera," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    3. Alexoaei Alina Petronela & Robu Raluca Georgiana, 2018. "A theoretical review on the structural convergence issue and the relation to economic development in integration areas," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 34-44, May.
    4. Jaan Masso & Kerly Krillo, 2011. "Mixed Adjustment Forms and Inequality Effects in Estonia, Latvia and Lithuania," Chapters, in: Daniel Vaughan-Whitehead (ed.), Work Inequalities in the Crisis, chapter 2, Edward Elgar Publishing.
    5. Germana Giombini & Francesco Perugini & Giuseppe Travaglini, 2017. "The productivity slowdown puzzle of European countries: a focus on Italy," Argomenti, University of Urbino Carlo Bo, Department of Economics, Society & Politics, vol. 6(6), pages 1-20, January-A.
    6. El-hadj Bah & Josef C. Brada, 2014. "Labor Markets in the Transition Economies: An Overview," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 11(1), pages 3-53, June.
    7. Oluseye Samuel Ajuwon & Sylvanus Ikhide & Joseph Oscar Akotey, 2017. "MSMEs Productivity in Nigeria," European Journal of Economics and Business Studies Articles, Revistia Research and Publishing, vol. 3, ejes_v3_i.
    8. Josef C Brada & Marcello Signorelli, 2012. "Comparing Labor Market Performance: Some Stylized Facts and Key Findings," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 54(2), pages 231-250, June.
    9. Maria Tsiapa, 2023. "A holistic approach of the labour productivity slowdown in the regions of the European Union," Papers in Regional Science, Wiley Blackwell, vol. 102(3), pages 507-531, June.
    10. Hélène Syed Zwick & S. Ali Shah Syed, 2016. "Augmented okun's law within the emu: working-time or employment adjustment? a structural equation model," Economics Bulletin, AccessEcon, vol. 36(1), pages 440-448.
    11. Jaan Masso & Kerly Krillo, 2011. "Labour Markets In The Baltic States During The Crisis 2008-2009: The Effect On Different Labour Market Groups," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 79, Faculty of Economics and Business Administration, University of Tartu (Estonia).

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    More about this item

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • 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
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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