Does Growth Generate Jobs in Eastern Europe and Central Asia?
In Eastern Europe and Central Asia, the link from growth to jobs was tenuous in the first decade of the transition, giving rise to the notion of jobless growth. Yet, European countries suffered large job losses during the recent recession, suggesti...
| Main Authors: | , |
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| Format: | Policy Research Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2014/01/18858594/growth-generate-jobs-eastern-europe-central-asia http://hdl.handle.net/10986/16818 |
| Summary: | In Eastern Europe and Central Asia, the
link from growth to jobs was tenuous in the first decade of
the transition, giving rise to the notion of jobless growth.
Yet, European countries suffered large job losses during the
recent recession, suggesting that jobs and growth are
closely entwined. This study takes a new look at this issue.
It provides a cross-country analysis of the employment
intensity of growth over the last decade and a half in
Eastern Europe and Central Asia, which includes the 11
Central and Eastern European countries that joined the EU
since 2004, the countries of former Yugoslavia, the
Countries of Independent States and Turkey. The authors
compare these findings with other regions in the world. The
paper shows that the responsiveness of employment to output
increased in the second decade of the transition. It also
finds that in some instances employment growth increases
with reforms of labor and product markets, stronger
macroeconomic policy frameworks, better governance, and more
economic integration and diversification. |
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