Optimality and Overuse of Labour in Estonian Manufacturing Enterprises

Jaan Masso () and Almas Heshmati ()

No DP2003-51, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: For transition economies labour market flexibility is necessary for successful restructuring and reallocation of labour force and for coping with the requirements of the European Monetary Union. In this paper we apply a novel approach to the issue of labour market flexibility in transition countries by studying the optimality and efficiency of labour usage among Estonian manufacturing enterprises. A dynamic model is employed where both the long run optimal level of employment and the speed at which actual employment is adjusted to the optimal are modelled as functions of several variables.

Keywords: Capital; Labour; Unemployment; Wages (search for similar items in EconPapers)
Date: 2003
References: View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/dp2003-051.pdf (application/pdf)

Related works:
Journal Article: The optimality and overuse of labour in Estonian manufacturing enterprises (2004)
Working Paper: The Optimality and Overuse of Labour in Estonian Manufacturing Enterprises (2003)
Working Paper: THE OPTIMALITY AND OVERUSE OF LABOUR IN ESTONIAN MANUFACTURING ENTERPRISES (2003)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:dp2003-51

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().