Masso, Jaan; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2003
issue of labour market flexibility in transition countries by studying the optimality and efficiency of labour usage among … by value-added and capital stock. Speed of adjustment and labour use optimality and efficiency show much greater … the efficiency of labour usage. On average there is shortage of labour compared to firms’ own optimal level, while over …