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| Author: | Masso, J. Heshmati, A. |
| Title: | The optimality and overuse of labour in Estonian manufacturing enterprises |
| Journal: | Economics of transition
2004 : VOL. 12:4, p. 683-720 |
| Index terms: | Employment Flexibility Labour markets Manufacturing Estonia |
| Language: | eng |
| Abstract: | Transition economies need labour market flexibility for successful restructuring and reallocation of the labour force, and for coping with the requirements of the European Monetary Union. A novel approach to the issue of labour market flexibility in transition countries is applied by studying the optimality and efficiency of labour usage in Estonian manufacturing enterprises. A dynamic model in which both the long-run optimal level of employment and the speed at which actual employment is adjusted to the optimal modelled as functions of several variables is employed in the study. |
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