Calvo, G., Goricelli, F. Ottonello, P., 2012, The Labor Market Consequences of Financial Crises with or without Inflation: Jobeless and Wageless Recoveries, Working Paper No 18480, Cambridge, MA: National Bureau of Economic Research.
ILO, 2006, Freedom of Association: Digest of decisions and principles of the Freedom of Association Committee of the Governing Body of the ILO, 2006.
ILO, 2013, Global Employment Trends, Recovering from a Second Jobs Dip, January, 2013, Geneva.
Kuddo, Arvo, 2013, “South East Europe Six: A Comparative Analysis of Labor Regulations”, World Bank Technical Note, August 2013.
Prepared by Ruben Atoyan and Irena Jankulov.
In post crisis environment, sluggish responsiveness of job creation to growth is likely aggravated by weakened balance sheets affecting financing conditions (ILO, 2013). Also, job creation is impaired by a need for firms to build up new collateral to finance their activities (Calvo et. al., 2012), while concurrently fiscal consolidation could have depressed aggregate demand (ILO, 2014).
In 2013 and only in FBIH, the total value of all lodged legal challenges was over KM 500 million (about 2 percent of GDP), pointing to unsustainability of the current legal framework and requiring urgent changes.
White Book 2012/13, Foreign Investors Council BiH.