Decomposition of unemployment: the case of the Visegrad group countries

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dc.contributor.author Tvrdoň, Michal
dc.contributor.other Ekonomická fakulta cs
dc.date.accessioned 2016-03-09
dc.date.available 2016-03-09
dc.identifier.issn 12123609
dc.identifier.uri https://dspace.tul.cz/handle/15240/13602
dc.description.abstract Generally, output measured by real gross domestic product declines and the unemployment rate rises during the economic crisis. This relationship was confirmed in the past several crises. However, the impact of economic downturns on structural unemployment will depend on many factors. The aim of the paper is to decomposite unemployment and we try to estimate the rate of structural unemployment. We also made an effort to determine the effects of the crisis on economic performance and functioning of the labour market in the Visegrad group countries. The analysis showed considerable sensitivity of these economies to the development of the external environment (except Poland), mainly through an export channel – the most affected was an industry sector, especially automotive industry. It seems to be important to have more diversified structure of the economy, mainly the exports. Quarterly data from the Eurostat LFS database in the period between 2000 and 2014 were applied. In order to estimate the trend of the unemployment 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 total unemployment. Moreover, it has decreased in these countries, except Hungary. We also compared our approach with an OECD approach which is based on employment of Kalman filter. Results suggest that both methods, although they are based on different processes, lead to analogous results. en
dc.format text
dc.format.extent 4-16 s. cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
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dc.rights CC BY-NC
dc.subject Value creation en
dc.subject higher education institution en
dc.subject stakeholder en
dc.subject key performance indicator en
dc.subject criterion weight en
dc.subject FARE method en
dc.subject.classification C51
dc.subject.classification E01
dc.subject.classification E24
dc.title Decomposition of unemployment: the case of the Visegrad group countries en
dc.type Article en
dc.date.defense 2016-03-09
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2016-1-001
dc.identifier.eissn 2336-5604
local.relation.volume 19
local.relation.issue 1
local.relation.abbreviation E&M en
local.relation.abbreviation E+M cs
local.faculty Faculty of Economics
local.citation.spage 4
local.citation.epage 16
local.access open
local.fulltext yes


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