growth of labour productivity went hand in hand with declining employment, and even with considerable job losses in the … resulted overwhelmingly from across-the-board productivity improvements in individual sectors of the economy while employment … 15 economies, implying a huge catching-up potential. The estimated elasticity of employment to production growth is low …

rates - just as Croatia, Bosnia and Herzegovina and Montenegro. Russia, Ukraine and Kazakhstan will rebound more strongly … pronounced as long as employment fails to grow. Investment will not act as a strong engine of growth either. Given the generally …

the third quarter of 2011. In a number of countries (e.g. Croatia, Czech Republic, Hungary, Serbia, Slovenia) the most …

, while Slovenia and Croatia will be unable to avoid another recession this year – notwithstanding the likely beneficial …

presenting some stylised facts related to employment and output restructuring, we use a conventional shift and share analysis in …

employment. Furthermore, patterns of adjustment across CESEE economies vary greatly, with some countries (such as Croatia … dampens consumption expenditures, and leads to cutbacks in employment (and wages), which, in turn, lower household incomes and … markets of the CESEEs and the situation of the banking sector respectively. Towards the end of 2011 the employment situation …

prospects for the countries of Central, East and Southeast Europe (CESEE) this year. Slovenia, Croatia and the Czech Republic … may put in question the model of convergence growth. Widening of the EU is, in contrast, proceeding with Croatia acceding …, such as Slovenia and Croatia and also the Czech Republic within the CESEE group. Stability issues are also still being …