Industrial structure and jobless growth in transition economies

When does employment growth mirror aggregate growth? Applying a two sector model, where productivity growth differs across sectors of production, this article is concerned with a feature characterising a number of transition economies: a divergence between production and employment growth. In our fr...

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Bibliographic Details
Published in:Post-communist economies 2016-10, Vol.28 (4), p.520-536
Main Authors: Borgersen, Trond-Arne, King, Roswitha M.
Format: Article
Language:English
Subjects:
Employment
Endogenous
Industrial structure
jobless growth
Productivity
productivity growth gap
transition
Transition economies
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Summary:When does employment growth mirror aggregate growth? Applying a two sector model, where productivity growth differs across sectors of production, this article is concerned with a feature characterising a number of transition economies: a divergence between production and employment growth. In our framework the industrial structure that allows employment growth to mirror output growth is endogenous, and related to a number of industry- and economy-wide characteristics. The article shows how the critical industrial structure necessary for avoiding 'jobless growth' is context-specific, questioning a 'one size fits all' policy approach when aiming to fulfil the Europe 2020 Strategy.
ISSN:1463-1377
1465-3958
DOI:10.1080/14631377.2016.1237037