Labour market performance and decomposition of unemployment: the case of Visegrad Group countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002659" target="_blank" >RIV/47813059:19520/14:#0002659 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.3846/bm.2014.073" target="_blank" >http://dx.doi.org/10.3846/bm.2014.073</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Labour market performance and decomposition of unemployment: the case of Visegrad Group countries
Original language description
Generally, economic performance declines and the unemployment rate rises during the economic crisis. This relationship was confirmed in the past several crises. Last crisis was during 2008 and 2009. The aim of the paper is to estimate output gap and to decompose the unemployment rate. We can decompose unemployment into several components - seasonal, cyclical and structural. We focused on Visegrad Group countries (Czech Republic, Hungary, Poland and Slovakia). Quarterly data from the Eurostat da-tabase in the period between 2000 and 2012 were applied. In order to estimate the trend of the unem-ployment rate´s development was used Hodrick-Prescott filter. Data show that all observed economies recorded a low unemployment rate in a pre-crisis period and they had to face worsened labour market performance during and after the crisis. Our results suggest that structural component seems to be the most important component of unemployment. However, it has decreased in these countries, except H
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
8th International Scientific Conference Business and Management 2014
ISBN
978-609-457-652-2
ISSN
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e-ISSN
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Number of pages
8
Pages from-to
604-611
Publisher name
Vilnius Gediminas Technical University
Place of publication
Vilnius
Event location
Vilnius
Event date
May 15, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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