The Business Cycle and Unemployment: Empirical Evidence from the Visegrad Group Countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F11%3A%230001426" target="_blank" >RIV/47813059:19520/11:#0001426 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Business Cycle and Unemployment: Empirical Evidence from the Visegrad Group Countries

Popis výsledku v původním jazyce

The paper deals with a relationship between the economic cycle and unemployment in the Visegrad group countries. The paper examines the causes of the economic crisis and its consequences on the labor market. Quarterly Eurostat and OECD data were used forthe analysis of labor market performance. We also used the Beveridge curve which implicitly depicts a negative relationship between the rate of unfilled job vacancies and the unemployment rate and so it can properly link related creation of new job vacancies and the unemployed. Another finding is that shifts of individual Beveridge curves correspond to shifts of the theoretical Beveridge curve. In the last part of the paper, the Johansen test and the Error Correction Model were applied on 2000-2010 data to examine cointegration between the number of the unemployed labor force and output. On the basis of the unit root test, we found that in all countries, both variables are stationary except for their first differences.

Název v anglickém jazyce

The Business Cycle and Unemployment: Empirical Evidence from the Visegrad Group Countries

Popis výsledku anglicky

The paper deals with a relationship between the economic cycle and unemployment in the Visegrad group countries. The paper examines the causes of the economic crisis and its consequences on the labor market. Quarterly Eurostat and OECD data were used forthe analysis of labor market performance. We also used the Beveridge curve which implicitly depicts a negative relationship between the rate of unfilled job vacancies and the unemployment rate and so it can properly link related creation of new job vacancies and the unemployed. Another finding is that shifts of individual Beveridge curves correspond to shifts of the theoretical Beveridge curve. In the last part of the paper, the Johansen test and the Error Correction Model were applied on 2000-2010 data to examine cointegration between the number of the unemployed labor force and output. On the basis of the unit root test, we found that in all countries, both variables are stationary except for their first differences.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

<a href="/cs/project/GP402%2F09%2FP142" target="_blank" >GP402/09/P142: Institucionální rámec fungování trhu práce v kontextu ekonomické konvergence a přijetí společné měny (aplikace na země Visegrádské skupiny)</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2011

Kód důvěrnosti údajů

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

Název periodika

International Journal of Mathematical Models and Methods in Applied Sciences

ISSN

1998-0140

e-ISSN

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Svazek periodika

5

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

9

Strana od-do

679-687

Kód UT WoS článku

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EID výsledku v databázi Scopus

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