RIGIDITIES OF THE LABOUR MARKET IN A TRANSITION ECONOMY: THE CASE OF ROMANIA

Constantin Ciupagea ()
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Constantin Ciupagea: Institute of World Economy, Romanian Academy, Bucharest

Journal for Economic Forecasting, 2000, issue 3, 29-57

Abstract: The author proposes an imperfect competition model in order to set the limits, the vicinity in which the “equilibrium” rate of unemployment is bouncing. The whole theoretical framework of this paper was aimed at bringing the macroeconomy model closer to the issue of the existing hysteresis in the economy, which is most obvious on the labour market. The main reason for the presence of hysteresis on the labour market is the huge amount of rigidities that is huge number of distortions. The author founds out that the imperfect competition model seems to be a good macro-tool for analysis and even for predicting the Romanian economy evolution in the short-run.

Keywords: imperfect competition model; hysteresis; Kalman filter; Salter-Swan diagram (search for similar items in EconPapers)
JEL-codes: C22 J2 J64 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2000:i:3:p:29-57

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