2024
DOI: 10.5937/ekonhor2401079t
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Labor productivity in the selected see countries: Trends and determinants

Predrag Trpeski,
Kristijan Kozheski,
Gunter Merdzan

Abstract: This study examines labor productivity in the Open Balkan initiative countries (Albania, Serbia, and North Macedonia) and Southeastern Europe's latest EU entrants (Bulgaria, Romania, and Croatia). In the study, macroeconomic and institutional factors, including the Gross National Income (GNI) per capita, the unemployment rate, the statutory minimum wage, and the labor freedom index are analyzed in relation to labor productivity. The study used econometric methods to identify the labor productivity determinants… Show more

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