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The inverse relationship between unemployment and Gross Domestic Product (GDP) growth, commonly known as Okun’s law … series properties of provincial GDP and unemployment, we specify statiic and dynamic versions of the Okun’s law using VAR and … unemployment sensitivity to GDP shocks. In particular, provinces where economic activity is concentrated and Southern provinces are …
Persistent link: https://www.econbiz.de/10011194336
the labour market situation may decrease. Temporal and spatial analysis of the Eurostat data on unemployment has … unequivocally proved that the economic crisis has deepened the differences in the level of unemployment between the individual EU … member countries. However, a similar unemployment data analysis for 77 districts of the CR has lead to the knowledge that, in …
Persistent link: https://www.econbiz.de/10011194542
increasing unemployment rate as well as long-term unemployment, etc. Enterprises across the region react on this situation …
Persistent link: https://www.econbiz.de/10011194546
Convention specifies the relationship between price and unemployment in terms of the Phillips curve (PC) where … inflation and the rate of unemployment are correlated. This paper uses a variant of the PC that is more consistent with the … unemployment using convention and its variant is tested on Poland, the Czech Republic, Hungary, Estonia, Latvia, Lithuania and the …
Persistent link: https://www.econbiz.de/10011195087
The objective of the article is to identify impact of economic policy implications on current financial and economic crisis. The analysis examines a hypothesis that the main causes of financial and economic crisis include unbalanced developments of the macroeconomic sphere as well as existing...
Persistent link: https://www.econbiz.de/10011195207
The article focuses on the economic development of the Central and East European countries (EU members) during the starting period of the contemporary world economic crisis and during 2009. The main topics of the article are the basic macroeconomic indicators of the mentioned countries as well...
Persistent link: https://www.econbiz.de/10011195491
Deep general government debts have become a long term problem of many EU countries. Up to now some improvements have been shown during boom cycles or in consequence of extra ordinary circumstances and claims – for example during the euro area accession process. However some really conceptual...
Persistent link: https://www.econbiz.de/10011195502
The aim of the article is to propose a new measure of a relative economic distance between two countries (RED) or among a group of countries (GRED). Both measures enable to evaluate ´proximity´ between national economies through time series of selected variables, and are related to the concept...
Persistent link: https://www.econbiz.de/10011195634
Italianofficial unemployment rate has been lower than in other core countries of continental Europe(Germany in 2010 being an exception …
Persistent link: https://www.econbiz.de/10011196120
This paper explores the potential impact of the Federal Reserve Board’s decision on interest rates on the budget deficit. The first part recounts the history of the 1990s surplus, correcting the widely held misunderstanding that this surplus was achieved by the Clinton administration’s tax...
Persistent link: https://www.econbiz.de/10011196383