Institutional Determinants of Labor Productivity in the Selected Regions of the European Union
Wacław Jarmołowicz , Sławomir Kuźmar
AbstractFacing 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.
|Journal series||Ekonomia i Prawo, ISSN 1898-2255, (B 12 pkt)|
|Publication size in sheets||0.95|
|Keywords in Polish||Produktywność pracy, Analiza regionalna, Instytucje, Środowisko pracy, Organizacje nieformalne|
|Keywords in English||Labour productivity, Regional analysis, Institutions, Working environment, Informal organizations|
|Score|| = 12.0, 23-12-2019, ArticleFromJournal|
= 12.0, 23-12-2019, ArticleFromJournal
|Publication indicators||= 0|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.