Estimating Potential Output and the Natural Rate of Unemployment: the Case of the European Union

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F15%3A%230003530" target="_blank" >RIV/47813059:19520/15:#0003530 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.3846/bm.2012.098" target="_blank" >http://dx.doi.org/10.3846/bm.2012.098</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.3846/bm.2012.098" target="_blank" >10.3846/bm.2012.098</a>

Result language
angličtina
Original language name
Estimating Potential Output and the Natural Rate of Unemployment: the Case of the European Union
Original language description
This paper studies the selected European Union Member States (CzechRepublic, Hungary, Poland and SlovakRepublic), during and after the economic crisis. Consequences on the labour market, respectively on unemployment are also discussed in the paper. During the crisis, real gross domestic product decreased in almost all EU countries. Massive drop of gross domestic product led to increase in the unemployment rate. The purpose of this paper is to contribute to discussion about consequences of this crisis. The paper provides also an analysis of gross domestic product and its components. The empirical analysis also tried to answer the question if it is more a return to steady-statethan the deterioration of economic performance in the case of selected European countries. In other words, it means that economic performance was above the level of potential output. We applied the Hodrick-Prescott filter for estimation potential output and the natural rate of unemployment. This method is quite fre
Czech name
—
Czech description
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Project
<a href="/en/project/GP402%2F09%2FP142" target="_blank" >GP402/09/P142: Institutional labour market framework in the context of economic convergence and adopting single currency (application on Visegrád group)</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 7th International Scientific Conference Business and Management 2012
ISBN
978-609-457-116-9
ISSN
—
e-ISSN
—
Number of pages
8
Pages from-to
760-767
Publisher name
Vilnius Gediminas Technical University
Place of publication
Vilnius
Event location
Vilnius
Event date
May 10, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000329342200098

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