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

Wacław Jarmołowicz , Sławomir Kuźmar

Abstract

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.
Author Wacław Jarmołowicz - Wyższa Szkoła Bankowa w Poznaniu
Wacław Jarmołowicz,,
-
, Sławomir Kuźmar (WE / KMiBR)
Sławomir Kuźmar,,
- KMiBR
Journal seriesEkonomia i Prawo, ISSN 1898-2255, (B 12 pkt)
Issue year2015
Vol14
No4
Pages459-478
Publication size in sheets0.95
Keywords in PolishProduktywność pracy, Analiza regionalna, Instytucje, Środowisko pracy, Organizacje nieformalne
Keywords in EnglishLabour productivity, Regional analysis, Institutions, Working environment, Informal organizations
DOIDOI:10.12775/EiP.2015.030
URL http://apcz.umk.pl/czasopisma/index.php/EiP/article/view/EiP.2015.030/7758
Languageen angielski
Score (nominal)12
Score sourcejournalList
ScoreMinisterial score = 12.0, 23-12-2019, ArticleFromJournal
Ministerial score (2013-2016) = 12.0, 23-12-2019, ArticleFromJournal
Publication indicators WoS Citations = 0
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