Trends in the Western Balkan Labour Markets

Hermine Vidovic

Chapter 15 in Handbook of Doing Business in South East Europe, 2012, pp 356-375 from Palgrave Macmillan

Abstract: Abstract Labour markets in the Western Balkan countries (WBC)1 differ substantially from those in the new EU member states (NMS) due to the delayed start of transition, the scale and character of labour migration (including brain drain) and the already high level of unemployment at the outset of transition, particularly in some of the successor states of the former SFR Yugoslavia. Taking these ‘starting conditions’ into account, output recovery has been much slower in the Western Balkans than in the Central European countries. Thus labour markets in the WBC began to improve with some delay as compared to labour markets in the NMS. Following the high GDP growth that started in most countries of the region by the end of 1999, employment increased everywhere, but with a considerable lag. In Serbia and in Montenegro employment growth resumed only in 2007 (Figure 15.1).

Keywords: Labour Market; Unemployment Rate; Employment Rate; Informal Sector; Informal Economy (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-31414-6_15

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DOI: 10.1057/9780230314146_15

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