Institutional Determinants of Labor Productivity in the Selected Regions of the European Union

• Autorzy: Wacław Jarmołowicz , Sławomir Kuźmar
• Języki publikacji: EN

Abstrakty

EN

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. (original abstract)

Słowa kluczowe

EN

Labour productivity; Regional analysis; Institutions; Working environment; Informal organizations

PL

Produktywność pracy; Analiza regionalna; Instytucje; Środowisko pracy; Organizacje nieformalne

• Czasopismo: Ekonomia i Prawo
• Rocznik: 2015
• Tom: 14
• Numer: nr 4
• Strony: 459--478

Twórcy

autor

Wacław Jarmołowicz

• WSB Schools of Banking

autor

Sławomir Kuźmar

• Poznań University of Economics, Poland

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Identyfikatory

DOI

10.12775/EiP.2015.030