Defining the Unemployment Determinants of the Post-Transition Central European EU Member Countries
Aim of the research is to define unemployment determinants of the labor markets on the example of post-transition Central European eu member countries – Poland, Czech, Slovak, Hungary, Slovenia, and Croatia. The purpose of the paper is to point out the role and importance of studying the labor m...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2019-03-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | http://www.hippocampus.si/ISSN/1854-6935/17.79-103.pdf |
| Summary: | Aim of the research is to define unemployment determinants of the labor
markets on the example of post-transition Central European eu member
countries – Poland, Czech, Slovak, Hungary, Slovenia, and Croatia. The
purpose of the paper is to point out the role and importance of studying
the labor market unemployment determinants of the post-transition
countries to provide a proposal for reducing unemployment. In this paper
as independent macroeconomic variables have been analyzed gross
domestic product, public debt, labor force participation rate and institutional
variables like some fixed-term and part-time contracts and expenditures
for active and passive labor market policies.An analysis of the labor
market unemployment determinants for the Central European eu member
countries has been conducted by econometric models of multiple linear
regression for each country to determine whether there are differences
in unemployment rates between countries within one panel. Results of the
research show that in almost all countries, public debt as a macroeconomic
variable has a significant impact on unemployment growth, while passive
labor market policies of the institutional variables have the most significant
impact on the level of unemployment. |
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| ISSN: | 1581-6311 1854-6935 |