المستودع الأكاديمي جامعة المدينة

The Optimality and Overuse of Labour in Estonian Manufacturing Enterprises

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dc.creator Masso, Jaan
dc.creator Heshmati, Almas
dc.date 2003
dc.date.accessioned 2013-10-16T07:08:49Z
dc.date.available 2013-10-16T07:08:49Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/20123
dc.identifier ppn:37198419X
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/20123
dc.description 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. Firm level panel data from 1995 to 1999 were used. The results showed that in the long run employment responds greatest to wages, followed by value-added and capital stock. Speed of adjustment and labour use optimality and efficiency show much greater variations over firms than over time. In the course of time there occurs both labour saving technical change and an increase in the efficiency of labour usage. On average there is shortage of labour compared to firms? own optimal level, while over use of labour compared to best-practice technology. Capital seems to be a binding constraint on the development of employment in the Estonian labour market.
dc.language eng
dc.publisher
dc.relation IZA Discussion paper series 884
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject P23
dc.subject J23
dc.subject C23
dc.subject ddc:330
dc.subject labour
dc.subject efficiency
dc.subject employment
dc.subject flexibility
dc.subject Estonia
dc.subject Arbeitsmarkt
dc.subject Arbeitsnachfrage
dc.subject Arbeitsmarktflexibilisierung
dc.subject Estland
dc.title The Optimality and Overuse of Labour in Estonian Manufacturing Enterprises
dc.type doc-type:workingPaper


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