出版社：Economic Laboratory for Transition Research Podgorica
摘要：Numerous theoretical and empirical evidences confirm the assumption
that more competitive markets are followed by raising the level
of efficiency. The aim of this paper is to consider to what extent are
efficient goods and labor markets in the efficiency-driven countries,
such as Western Balkans. Intense competitive pressure both by
domestic and foreign companies, and demand conditions determined
by customer orientation and consumer sophistication, have
great importance in acceleration labor market efficiency. The delicacy
of the measuring of the competition and demand conditions on
goods market completes an empirical review of the achieved results
in labor markets in 2018 in Western Balkan countries. The multicriteria
analysis was carried out in order to rank countries and highlight
those which have achieved remarkable goods and labor markets
efficiency in the overall order of the countries. The obtained
results suggest significant gaps and cyclical deviations from the
regional average, related to goods market efficiency gaps, observed
by selected indicators and countries. Problems in the fields of domestic
competition, foreign competition, and insufficient quality of
demand conditions in the individual markets, imposed the need to
compare the comparative disadvantages and advantages in the
Western Balkan countries. The comparative study can serve as a
guide for defining future labor market policies due to it has been
proven that countries with more efficient goods market have more
favorable labor market indicators.
