Bezpośrednie determinanty zmian zatrudnienia w krajach Europy Środkowo-Wschodniej w latach 2004–2013
Direct determinants of changes in employment in the countries of Central and Eastern Europe in the years 2004–2013

Summary/Abstract: The main aim of the paper is to capture trends in changes in employment in the economies of Central and Eastern Europe in the years 2004–2013 and to indicate the role of fundamental factors determining these changes, which are theoretically analysed on the basis of neoclassical and Keynesian economics. The analysis covered the period of 2004–2013, which is interesting especially due to the occurrence of a global crisis that started in 2008. The study group included the following countries: Bulgaria, Croatia, the Czech Republic, Estonia, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia, the Ukraine and Hungary. The analyses conducted show that the number of people employed in the countries of Central and Eastern Europe varied in the analysed period. Changes in the number of employed people in this group of countries were strongly correlated with the economic situation The ratio of wage growth to labour productivity growth in the countries of Central and Eastern Europe varied across the studied period. Econometric analyses indicate that flexibility in the number of people employed in relation to GDP in the countries of Central and Eastern Europe is relatively low and amounts to approx. 0.25 in the unlagged model and 0.32 in the model taking into account the relation of wages to labour productivity lagged by four quarters. Flexibility in the number of people employed relative to GDP varies from country to country. Changes in GDP had the strongest impact on the number of people employed in Poland as well as Latvia and the weakest in the Czech Republic and Slovakia. Flexibility in the number of people employed in relation to the ratio of wage growth to labour productivity for the whole group of countries is approx. –0.15.

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