Exploring the Relationship between Economic Growth and Employment in the Czech Republic and Belgium

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F15%3A68580" target="_blank" >RIV/60460709:41110/15:68580 - isvavai.cz</a>

Alternative codes found

RIV/68407700:21630/15:00237413

Result on the web

<a href="http://dx.doi.org/10.5539/res.v7n11p115" target="_blank" >http://dx.doi.org/10.5539/res.v7n11p115</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.5539/res.v7n11p115" target="_blank" >10.5539/res.v7n11p115</a>

Result language

angličtina

Original language name

Exploring the Relationship between Economic Growth and Employment in the Czech Republic and Belgium

Original language description

The paper addresses the issue of employment policy development and implementation in the selected European countries with a similar economic structure and population, namely the Czech Republic and Belgium. The existing approaches used by Ministries of Labour and Social Affairs are based either on drawing subsidies from EU structural funds within the frameworks of various Operational Programmes or directjob creation that is realized as a consequence of GDP growth. The retrospective observation of the development of such macroeconomic indicators as GDP per capita and employment rate in Belgium reminded us the Okun?s law. This encouraged us to verify the inverted version of the latter and conduct a time series analysis with the use of ARIMA model. The conducted calculations revealed the existence of determined relationship between GDP per capita and employment rate, namely with GDP per capita increase by 2% corresponds to an increase in employment by 1%. This relationship applies vice ver

Czech name

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Czech description

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Type

J_x - 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

S - Specificky vyzkum na vysokych skolach

Publication year

2015

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Review of European Studies

ISSN

1918-7173

e-ISSN

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Volume of the periodical

7

Issue of the periodical within the volume

11

Country of publishing house

CA - CANADA

Number of pages

10

Pages from-to

115-124

UT code for WoS article

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EID of the result in the Scopus database

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