On the relation of labour productivity, costs and unemployment in the EU countries
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43911795" target="_blank" >RIV/62156489:43110/17:43911795 - isvavai.cz</a>
Result on the web
<a href="http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf" target="_blank" >http://fim2.uhk.cz/mme/conferenceproceedings/mme2017_conference_proceedings.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
On the relation of labour productivity, costs and unemployment in the EU countries
Original language description
This paper deals with the analysis of the relationship between unit labour costs, real labour productivity and unemployment rate in the EU countries. The main objective is to determine the existence and the direction of Granger causality between labour productivity and unit labour costs. In addition, we focus on the relationship between these two variables and unemployment. To find out the causality direction, the VAR models are estimated. Impulse response analysis is used to describe the time path of one of the variables in the VAR to shocks from the other explanatory variables. Based on responses groups of similar countries are created. Our results prove the Granger causality running from labour productivity to unit labour costs just in Sweden, Finland, Luxembourg and Austria. The causality running from unit labour costs to labour productivity is observed in most of the rest of the European countries. In the case of Romania, Hungary and Cyprus, the relationship in the sense of Granger causality is not significant.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
10103 - Statistics and probability
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical Methods in Economics 2017: Conference Proceedings
ISBN
978-80-7435-678-0
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
632-637
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Sep 13, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000427151400108