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

Geomina Turlea ()
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Geomina Turlea: Institute of World Economy, Romanian Academy, Bucharest

Journal for Economic Forecasting, 2001, issue 2, 102-117

Abstract: The 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.

Keywords: institutions; labor market; industry; economic growth; transition economies (search for similar items in EconPapers)
JEL-codes: J0 P3 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:rjr:romjef:v::y:2001:i:2:p:102-117

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