ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001820" target="_blank" >RIV/47813059:19520/11:#0001820 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009
Original language description
The main aim of this paper is to compare estimations and results for Okun's law relation coefficients of the Czech economy 1996-2009 with coefficients for economies of the US and France. These countries were chosen to compare the most discussed US economy with the France as a representative of the western-European type of economy and the Czech Republic as a representative economy of a transition country. The analysis is based on two principles - the difference version and the dynamic version of the Okun's law. Estimations of difference version of Okun's law coefficients show the persistence of the basic rule - the GDP growth causes the unemployment rate decrease. The estimation results express that the 1 percentage point decrease in the unemployment rate is bound with 10.1% increase of the real GDP. These numbers are different for France and the USA; the 1 percentage point decrease in the unemployment rate is bound with 2.7% increase of the real GDP in France and with 1.8% increase of
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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