Estimating the Regional Natural Rate of Unemployment: the Evidence from Slovakia

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

Estimating the Regional Natural Rate of Unemployment: the Evidence from Slovakia

Popis výsledku v původním jazyce

The paper deals with development of the regional unemployment rate in Slovakia. The unemployment rate differed significantly among the Slovak NUTS 3 regions during the period between 2005 and 2012. According to previous studies high unemployment is caused by drop in economic performance or by some structural problems in the region. During economic growth the unemployment rate was decreasing and during economic downturn it was increasing. We used monthly seasonally adjusted data during the observed period between the years 2005 and 2012. In total, we had 96 observations. We also applied the Hodrick- Prescott filter for estimating the natural rate of unemployment. This method is often used for estimating the potential output and is possible to use in thecase of unemployment. Our empirical results show that in most regions the real unemployment rate was lower than the natural rate of unemployment during the pre-crisis period. In other words, it means that the Slovak labour market was i n

Název v anglickém jazyce

Estimating the Regional Natural Rate of Unemployment: the Evidence from Slovakia

Popis výsledku anglicky

The paper deals with development of the regional unemployment rate in Slovakia. The unemployment rate differed significantly among the Slovak NUTS 3 regions during the period between 2005 and 2012. According to previous studies high unemployment is caused by drop in economic performance or by some structural problems in the region. During economic growth the unemployment rate was decreasing and during economic downturn it was increasing. We used monthly seasonally adjusted data during the observed period between the years 2005 and 2012. In total, we had 96 observations. We also applied the Hodrick- Prescott filter for estimating the natural rate of unemployment. This method is often used for estimating the potential output and is possible to use in thecase of unemployment. Our empirical results show that in most regions the real unemployment rate was lower than the natural rate of unemployment during the pre-crisis period. In other words, it means that the Slovak labour market was i n

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

Recent Researches in Applied Economics and Management - Volume I

ISBN

978-960-474-323-0

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

302-307

Název nakladatele

WSEAS Press

Místo vydání

Chania

Místo konání akce

Chania

Datum konání akce

27. 8. 2013

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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