Unemployment Benefits in the EU - Obstacle or Booster of Total Factor Productivity?

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Unemployment Benefits in the EU - Obstacle or Booster of Total Factor Productivity?

Popis výsledku v původním jazyce

The topic to reform the current unemployment benefit systems is highly discussed among the European authorities. The aim of the paper is to determine the long-term effect of unemployment benefits on total factor productivity in the member states of the European Union. By means of cointegration panel regression, the long-term impact of unemployment benefits on the total factor productivity index is estimated on the sample of 28 member states. The observations cover a period from 1995 to 2017. Total factor productivity is defined as the Solow residual and in line with endogenous growth theories explained as a product of knowledge (proxied by human capital stock and research and development stock) and residual set of factors, including institutions. The empirical results confirm the presence of log-term cointegrated relations between unemployment benefits and total factor productivity, while their effect is estimated as negative. The findings imply an importance of adequate policy measures to decrease the generosity of national unemployment benefit systems.

Název v anglickém jazyce

Unemployment Benefits in the EU - Obstacle or Booster of Total Factor Productivity?

Popis výsledku anglicky

The topic to reform the current unemployment benefit systems is highly discussed among the European authorities. The aim of the paper is to determine the long-term effect of unemployment benefits on total factor productivity in the member states of the European Union. By means of cointegration panel regression, the long-term impact of unemployment benefits on the total factor productivity index is estimated on the sample of 28 member states. The observations cover a period from 1995 to 2017. Total factor productivity is defined as the Solow residual and in line with endogenous growth theories explained as a product of knowledge (proxied by human capital stock and research and development stock) and residual set of factors, including institutions. The empirical results confirm the presence of log-term cointegrated relations between unemployment benefits and total factor productivity, while their effect is estimated as negative. The findings imply an importance of adequate policy measures to decrease the generosity of national unemployment benefit systems.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název statě ve sborníku

Proceedings of IAC 2020 in Vienna

ISBN

9788088203179

ISSN

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e-ISSN

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Počet stran výsledku

14

Strana od-do

52-65

Název nakladatele

Czech Institute of Academic Education z.s.

Místo vydání

Prague

Místo konání akce

Vienna, Austria

Datum konání akce

1. 1. 2020

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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