Akademik Məlumat İdarəetmə Sistemi
Economic Computation and Economic Cybernetics Studies and Research, vol.48, no.2, pp.1-14, 2014 (SCI-Expanded, SSCI, Scopus)
This work measures and provides interpretations on income per head and that of its core components in selected central-southern (CS) European countries between 2008 and 2012. The countries chosen for this analysis are the Czech Republic, Hungary, Poland and Romania whose income per capita levels vary, consistent with their respective economic structures. The period selected captures the global downturn, which serves as a useful platform on which the short-run effects on CS labour productivity and labour market reactions can be identified. Using Geary-Khamis dollars, in purchasing power parity terms, enables comparative analysis across the four selected, transition countries to be carried out in respect of these components. The work finds that income per head, driven by labour productivity, could be identified as increasing in the case of Poland only during this four-year period. Contrastingly, the Czech Republic, whose income per head is the highest within the group, was the only country to reveal positive labour productivity and labour market gaps relative to the average for all four countries. It occurs that higher GDP capita, a proxy for income per head, was a key factor in enabling these two latter countries to partially weather the global storm.