Labour market performance and decomposition of unemployment: the case of Visegrad Group countries

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F14%3A%230002659" target="_blank" >RIV/47813059:19520/14:#0002659 - isvavai.cz</a>

Výsledek na webu

<a href="http://dx.doi.org/10.3846/bm.2014.073" target="_blank" >http://dx.doi.org/10.3846/bm.2014.073</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Labour market performance and decomposition of unemployment: the case of Visegrad Group countries

Popis výsledku v původním jazyce

Generally, economic performance declines and the unemployment rate rises during the economic crisis. This relationship was confirmed in the past several crises. Last crisis was during 2008 and 2009. The aim of the paper is to estimate output gap and to decompose the unemployment rate. We can decompose unemployment into several components - seasonal, cyclical and structural. We focused on Visegrad Group countries (Czech Republic, Hungary, Poland and Slovakia). Quarterly data from the Eurostat da-tabase in the period between 2000 and 2012 were applied. In order to estimate the trend of the unem-ployment rate´s development was used Hodrick-Prescott filter. Data show that all observed economies recorded a low unemployment rate in a pre-crisis period and they had to face worsened labour market performance during and after the crisis. Our results suggest that structural component seems to be the most important component of unemployment. However, it has decreased in these countries, except H

Název v anglickém jazyce

Labour market performance and decomposition of unemployment: the case of Visegrad Group countries

Popis výsledku anglicky

Generally, economic performance declines and the unemployment rate rises during the economic crisis. This relationship was confirmed in the past several crises. Last crisis was during 2008 and 2009. The aim of the paper is to estimate output gap and to decompose the unemployment rate. We can decompose unemployment into several components - seasonal, cyclical and structural. We focused on Visegrad Group countries (Czech Republic, Hungary, Poland and Slovakia). Quarterly data from the Eurostat da-tabase in the period between 2000 and 2012 were applied. In order to estimate the trend of the unem-ployment rate´s development was used Hodrick-Prescott filter. Data show that all observed economies recorded a low unemployment rate in a pre-crisis period and they had to face worsened labour market performance during and after the crisis. Our results suggest that structural component seems to be the most important component of unemployment. However, it has decreased in these countries, except H

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

8th International Scientific Conference Business and Management 2014

ISBN

978-609-457-652-2

ISSN

—

e-ISSN

—

Počet stran výsledku

8

Strana od-do

604-611

Název nakladatele

Vilnius Gediminas Technical University

Místo vydání

Vilnius

Místo konání akce

Vilnius

Datum konání akce

15. 5. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

—