INSTITUTIONAL DETERMINANTS OF LABOR PRODUCTIVITY IN THE SELECTED REGIONS OF THE EUROPEAN UNION
DOI:
https://doi.org/10.12775/EiP.2015.030Keywords
formal institutions, informal institutions, labor productivityAbstract
Facing the growing importance of institutions as a vital, or according to some, even a key determinant of economic growth and development, the authors of this study attempt to define and determine basic relations and mechanisms by which the institutional environment affects labor productivity. In addition, an analysis of institutions diversity and labor productivity was carried out in selected regions of the European Union. The findings of the analyses prompt to draw a conclusion that “good” institutional solutions have a significant impact on the development of labor productivity also at regional level by protecting property rights, lowering transaction costs, stimulating competition and improving the efficient functioning of the market mechanism.References
Acemoglu D., Johnson S., Robinson J.A., Institutions as a fundamental cause of long-run growth, “Handbook of Economic Growth”, Vol. 1, Part A/2005, http://dx.doi.org/10.1016/s1574-0684(05)01006-3.
Acemoglu D., Johnson S., Robinson J.A., The colonial origins of comparative develop-ment: an empirical investigation, “American Economic Review”, Vol. 91, No. 5/2001, http://dx.doi.org/10.1257/aer.91.5.1369.
Acemoglu D., Robinson J.A., De facto political power and institutional persistence, “American Economic Review”, Vol. 96, No. 2/2006, http://dx.doi.org/10.1257/000282806777212549.
Acemoglu D., Robinson J.A., Why Nations Fail, Crown Business, New York: Cambridge University Press, 2012.
Amin A., An institutionalist perspective on regional development, “International Journal of Urban and Regional Research”, Vol. 23, No. 2/1999, http://dx.doi.org/10.1111/1468-2427.00201.
Amin A., Thrift N., Globalization, Institutions and Regional Development in Europe, Oxford University Press, Oxford 1994.
Baumol W.J., Entrepreneurship: productive, unproductive and destructive, “Journal of Political Economy”, Vol. 98, No. 5/1990, http://dx.doi.org/10.1086/261712.
Chakravarti A., Aid, Institutions and Development. New Approaches to Growth, Gov-ernance and Poverty, Edward Elgar Publishing, Cheltenham, UK, Northampton, MA USA 2005.
Charron N. et al., Measuring the quality of government and subnational variation, Quality of Government Institute, Department of Political Science, University of Gothenburg Sweden, Gothenburg 2010, http://ec.europa.eu/regional_policy/sources/docgener/studies/pdf/2010_government_1.pdf (22.12.2015).
Chong A., Calderon C., Causality and Feedback Between Institutional Measures and Economic Growth, “Economics and Politics”, Vol. 12, No. 1/2000, http://dx.doi.org/10.1111/1468-0343.00069.
Ertur C., Le Gallo J., Baumont C., The European regional convergence process, 1980–1995: Do spatial regimes and spatial dependence matter?, “International Regional Science Review”, Vol. 29, No. 1/2006, http://dx.doi.org/10.1177/0160017605279453.
Golejewska A., Kapitał ludzki, innowacje i instytucje a konkurencyjność regionów Europy Środkowej i Wschodniej (Human capital, innovations and institutions ver-sus the competitiveness of regions in Central and Eastern Europe), “Zeszyty Natolińskie”, No. 49/2013.
Jarmołowicz W., Kuźmar S., Efektywność gospodarowania zasobami pracy w regionie — na przykładzie województwa wielkopolskiego w latach 2000–2012, “Studia i Prace WNEiZ US”, Vol. 35, No. 2/2014.
Krugman P.R., Geography and Trade, Cambridge MIT Press, Cambridge M.A, 1991.
Krugman P.R., Increasing Returns and Economic Geography, “Journal of Political Economy”, Vol. 99, No. 3/1991, http://dx.doi.org/10.1086/261763.
Kuźmar S., Pilc M., The Impact of Labor Market Institutions on Labor Market Perfor-mance in Transition Countries, “Ekonomista”, No. 1/2015.
Lucas R., On the mechanics of economic development, “Journal of Monetary Econom-ics”, Vol. 22, No. 1/1988, http://dx.doi.org/10.1016/0304-3932(88)90168-7.
Magrini S., Regional (Di)Convergence, Handbook of Regional and Urban Economics, Amsterdam 2004, http://dx.doi.org/10.1016/s1574-0080(04)80019-1.
Miłaszewicz D., Jakość instytucji a wzrost gospodarczy, “Studia i Prace Wydziału Nauk Ekonomicznych i Zarządzania”, No. 19/2011.
Monfort P., Convergence of EU regions. Measures and evolution, Directorate-General for Regional Policy Working Paper, No. 01/2008.
North C.D., Institutions, Institutional Change, and Economic Performance, Cambridge University Press, New York 1990.
Ostrom E., Challenges and Growth: The Development of the Interdisciplinary Field of Institutional Analysis, “Journal of Institutional Economics”, Vol. 3, No. 03/2007, http://dx.doi.org/10.1017/s1744137407000719.
Rodríguez-Pose A., Do institutions matter for regional development?, “Regional Stud-ies”, Vol. 47, No. 7/2013, http://dx.doi.org/10.1080/00343404.2012.748978.
Rodrik D., Subramanian F., Trebbi F., Institutions rule: the primacy of institutions over geography and integration in economic development, “Journal of Economic Growth”, Vol. 9, No. 2/2004, http://dx.doi.org/10.1023/b:joeg.0000031425.72248.85.
Romer S.M., Increasing returns and long-run growth, “Journal of Political Economy”, Vol. 94, No. 5/1986, http://dx.doi.org/10.1086/261420.
Sautet F., The role of institutions in entrepreneurship: implications for development policy, “Mercatus Policy Series”, Policy primer No. 1/2005.
Solow R.M., A contribution to the theory of economic growth, “Quarterly Journal of Economics”, Vol. 70, No. 1/1956, http://dx.doi.org/10.2307/1884513.
Stankiewicz W., Ekonomia instytucjonalna. Narodziny i rozwój, Wydawnictwo Biura Badań Strategicznych Wyższej Szkoły Biznesu i Administracji, Warszawa 2004.
Storper M., Society, community and economic development, “Studies in Comparative International Development”, No. 39/2005.
Streeck W., On the institutional conditions of diversified quality production, [in:] E. Metzner, K.W. Streec (eds), Beyond Keynesianism: Socio-Economics of Production and Full Employment, Elgar Publishing, Aldershot 1991.
Szarzec K., Państwo w gospodarce, Wydawnictwo PWN, Warszawa 2013.
Valeriani E., Peluso S., The Impact Of Institutional Quality On Economic Growth And Development: An Empirical Study, “Journal of Knowledge Management, Econom-ics and Information Technology”, No. 6/2011.
Vogit S., How (Not) to Measure Institutions, “Joint Discussion Paper Series in Econom-ics”, No. 37/2009.
World Bank, World Development Report 2002: Building Institutions for Markets, Ox-ford University Press, New York 2002.
Downloads
Published
How to Cite
Issue
Section
Stats
Number of views and downloads: 183
Number of citations: 0
