Elasticity of Agricultural Labour Market: the case of Zrenjanin District

Zubović, Jovan and Boškov, Veronika (2013) Elasticity of Agricultural Labour Market: the case of Zrenjanin District. In: Achieving Regional Competitiveness : thematic proceedings / International Scientific Conference "Sustainable Agriculture and Rural Development in Terms of the Republic of Serbia Strategic Goals Realization within the Danube Region". Institute of Agricultural Economics, Belgrade, pp. 366-381. ISBN 978-86-6269-026-5

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Abstract

Agriculture in Serbia is the economic branch which has best coped with the long-term recession as of 2008. However, number of persons being employed in it was stagnating, or even diminishing. In this paper the authors have set a goal to find out if it is possible to determine how, and in what extent the elasticity in labour market in district of Zrenjanin has had an impact on shifts in its labour market. By the means of using all available statistical data, and its interpretation they are giving the overview of the resources for agriculture in Zrenjanin. Moreover by using the regression we have shown how the equilibrium in labour market was shifting in all quartiles in the period 2010-2012. We have found that agricultural labour market in Zrenjanin is inelastic in short term, but in the long run it is getting elastic, as well as that demand side is more elastic and flexible to changes in the environment.

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