Estimating the Regional Natural Rate of Unemployment: the Evidence from Slovakia

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F13%3A%230002283" target="_blank" >RIV/47813059:19520/13:#0002283 - 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
Estimating the Regional Natural Rate of Unemployment: the Evidence from Slovakia
Original language description
The paper deals with development of the regional unemployment rate in Slovakia. The unemployment rate differed significantly among the Slovak NUTS 3 regions during the period between 2005 and 2012. According to previous studies high unemployment is caused by drop in economic performance or by some structural problems in the region. During economic growth the unemployment rate was decreasing and during economic downturn it was increasing. We used monthly seasonally adjusted data during the observed period between the years 2005 and 2012. In total, we had 96 observations. We also applied the Hodrick- Prescott filter for estimating the natural rate of unemployment. This method is often used for estimating the potential output and is possible to use in thecase of unemployment. Our empirical results show that in most regions the real unemployment rate was lower than the natural rate of unemployment during the pre-crisis period. In other words, it means that the Slovak labour market was i n
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Recent Researches in Applied Economics and Management - Volume I
ISBN
978-960-474-323-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
302-307
Publisher name
WSEAS Press
Place of publication
Chania
Event location
Chania
Event date
Aug 27, 2013
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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