Inflation persistence: The path of labor market structural reforms

2016 ◽  
Vol 58 ◽  
pp. 317-322 ◽  
Author(s):  
George Geronikolaou ◽  
Eleftherios Spyromitros ◽  
Panagiotis Tsintzos
Keyword(s):  
Labor Market ◽  
Structural Reforms ◽  
Inflation Persistence

scholarly journals Estimating the Output GAP for Lebanon: A Production Function methodology

2019 ◽  
Vol 2 (1) ◽  
pp. 60-83
Author(s):  
Latifa Ghalayini
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Labor Market ◽  
Production Function ◽  
Output Growth ◽  
Output Gap ◽  
Structural Reforms ◽  
Potential Output ◽  
Potential Output Growth ◽  
Douglas Production Function

This paper estimates the output Gap for Lebanon to analyze the economic policy and to judge the stance of the economy. Therefore, a Cobb-Douglas production function is estimated for the period Q11998 to Q42015 and potential output calculated by substituting for potential levels of the factors in the estimated production function. The calculation of potential labor required the calculation of the NAIRU. This paper calculates therefore three types of NAIRU. The results of output gap calculations show that the Lebanese economy is working over its capacity and that it hits his limits. Furthermore, findings show that the labor market is characterized by high levels of NAIRU which restricted potential output growth. Therefore, any policy aiming to increase economic growth, while neglecting structural reforms will prove to be unsustainable.

scholarly journals Republic of Estonia

2020 ◽  
Vol 20 (12) ◽  
Author(s):  
Keyword(s):  
Labor Market ◽  
Labor Supply ◽  
Euro Area ◽  
Structural Reforms ◽  
Medium Term ◽  
Demographic Challenges ◽  
Convergence Process ◽  
Near Term ◽  
Tight Labor Market ◽  
Skill Shortages

Th economy has performed well in recent years, supported by prudent management and effective structural reforms. Growth remains strong and unemployment is at a record low. Inflation is above the euro-area average, consistent with Estonia’s convergence process. Wages are rising, reflecting a tight labor market and skill shortages at the high end of the labor market. Absent reforms to boost productivity and manage demographic challenges, however, growth will slow notably. The authorities need to guard against potential overheating in the near term while taking advantage of sizable fiscal buffers in the medium term to support innovation and labor supply and reduce inequality.

scholarly journals Regionale universiteter og utdanningspolitiske paradokser

2019 ◽  
pp. 53-74
Author(s):  
Ivar Bleiklie
Keyword(s):  
Higher Education ◽  
Labor Market ◽  
Current Situation ◽  
Organizational Characteristics ◽  
Structural Reforms ◽  
Main Ingredient ◽  
The Impact ◽  
Institutional Mergers ◽  
Shed Light ◽  
University Reforms

The chapter seeks to shed light on university reforms in Norway since 1980 and asks how well-designed the reforms are regarding their capacity to strengthen the impact of universities in the regions where they are located. The chapter starts by asking how well-suited universities are to meet the expectations they face in the regions where they are located. It argues that the institutions in many ways have organizational characteristics – as academic and bureaucratic organizations – that are not well-suited to fulfilling varied and dynamic local needs. Subsequently the chapter analyzes the reforms and changes characterizing higher education – in terms of growth, internationalization and standardization – that may contribute to understanding the current situation. Finally, it takes a closer look at ongoing reforms and transformational processes and their indications of possible trends in the coming years. Here, changing expectations and tensions arising from multiple goals are emphasized in order to understand the obstacles faced by government attempts to enhance labor market relevance by means of structural reforms with institutional mergers as a main ingredient.

scholarly journals (Ne)provođenje marketinške koncepcije obrazovnog sustava Republike Hrvatske s posebnim osvrtom na visokoobrazovne institucije

2017 ◽  
Vol 6 (1) ◽  
Author(s):  
Josip Miletić ◽  
Jurica Bosna
Keyword(s):  
Labor Market ◽  
Educational System ◽  
Education System ◽  
Structural Reforms ◽  
Marketing Concept ◽  
Job Market ◽  
Structural Unemployment ◽  
Market Situation ◽  
High Level ◽  
The Unemployed

This is a relevant subject due to the high level of unemployment and the associated structural unemployment present in Croatia. The authors propose the introduction of the marketing concept in the Croatian educational system in order to stimulate the overcoming of the gap between the unemployed working force and the job market. The paper presents the educational system and its elements by explaining the specifics of marketing in education, provides guidelines for the managing of the educational system based on the marketing principle, and indicates the consequences of (non)implementation of the marketing concept within the Croatian educational system. The introduction of the marketing principle in the education system, together with the application of other important structural reforms, should improve the currently weak labor market situation.

scholarly journals Peripheral Europe beyond the Troika: assessing the ‘success’ of structural reforms in driving the Spanish recovery

2020 ◽  
Vol 8 (4) ◽  
pp. 560-588
Author(s):  
Luis Cárdenas ◽  
Paloma Villanueva ◽  
Ignacio Álvarez ◽  
Jorge Uxó
Keyword(s):  
Economic Growth ◽  
Labor Market ◽  
Alternative Explanation ◽  
Economic Recovery ◽  
Gdp Growth ◽  
Structural Reforms ◽  
Political Debate ◽  
Spanish Economy ◽  
Labor Market Reforms ◽  
Shed Light

Since 2014 the Spanish economy has recovered positive GDP growth, and the country has been growing well above the eurozone average. This recovery has sparked an academic and political debate concerning the role that structural reforms, prescribed by the ‘Troika,’ have played in peripheral Europe. For certain scholars and institutions, these structural reforms have allowed the market, through greater wage flexibility, to make the necessary adjustments to restore economic growth, resulting in a ‘healthy’ economic recovery. But to what extent is this mainstream narrative solidly backed up by the empirical evidence? Can Spain be held up as an international example of the ‘success’ of these reforms? The aim of this paper is to shed light on this debate. We consider that labor market reforms and wage devaluation policy are not the drivers of economic recovery. Instead, we offer an alternative explanation for recovery based on the theory of demand-led growth.

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