Macroeconomic Prognosis of Employment in the Czech Republic
The article is focused on employment policy in the Czech Republic, its success and development, stated goals, and whether it is possible to reach 75% employment by 2020. In the context of comparison with another country, Austria has been chosen. Total employment, women's employment, men´s empl...
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| Format: | Article |
| Language: | English |
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EconJournals
2017-09-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://econjournals.com/index.php/ijefi/article/view/4449 |
| _version_ | 1797908125528883200 |
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| author | Daniel Toth Lenka KuÄÃrková |
| author_facet | Daniel Toth Lenka KuÄÃrková |
| author_sort | Daniel Toth |
| collection | DOAJ |
| description |
The article is focused on employment policy in the Czech Republic, its success and development, stated goals, and whether it is possible to reach 75% employment by 2020. In the context of comparison with another country, Austria has been chosen. Total employment, women's employment, men´s employment and age groups from 55 to 64 years will be compared. Employment is a comprehensive indicator, which requires economic and social definition. For prognosis processing, the ordinary least squares (OLS) method, so called OLS, was used. Multiple regression analysis generates a regression econometric equation which could be, after the substitution of variables, used as an instrument of the prognosis of employment development for medium term forecasts. The OLS econometric model requires an econometric verification, which shows the conditions under which the model works and is valid.
Keywords: Employment, Prognosis, Macroeconomics
JEL Classifications: C53, E27, J01, J23
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| first_indexed | 2024-04-10T10:47:39Z |
| format | Article |
| id | doaj.art-70ee373265aa4c3091aa40167bf17e08 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T10:47:39Z |
| publishDate | 2017-09-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-70ee373265aa4c3091aa40167bf17e082023-02-15T16:20:15ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-09-0174Macroeconomic Prognosis of Employment in the Czech RepublicDaniel Toth0Lenka KuÄÃrková1Masarykův ústav vyÅ¡Å¡Ãch studiÃ, ÄŒVUTCzech University of Life Sciences Prague, The article is focused on employment policy in the Czech Republic, its success and development, stated goals, and whether it is possible to reach 75% employment by 2020. In the context of comparison with another country, Austria has been chosen. Total employment, women's employment, men´s employment and age groups from 55 to 64 years will be compared. Employment is a comprehensive indicator, which requires economic and social definition. For prognosis processing, the ordinary least squares (OLS) method, so called OLS, was used. Multiple regression analysis generates a regression econometric equation which could be, after the substitution of variables, used as an instrument of the prognosis of employment development for medium term forecasts. The OLS econometric model requires an econometric verification, which shows the conditions under which the model works and is valid. Keywords: Employment, Prognosis, Macroeconomics JEL Classifications: C53, E27, J01, J23 https://econjournals.com/index.php/ijefi/article/view/4449 |
| spellingShingle | Daniel Toth Lenka KuÄÃrková Macroeconomic Prognosis of Employment in the Czech Republic International Journal of Economics and Financial Issues |
| title | Macroeconomic Prognosis of Employment in the Czech Republic |
| title_full | Macroeconomic Prognosis of Employment in the Czech Republic |
| title_fullStr | Macroeconomic Prognosis of Employment in the Czech Republic |
| title_full_unstemmed | Macroeconomic Prognosis of Employment in the Czech Republic |
| title_short | Macroeconomic Prognosis of Employment in the Czech Republic |
| title_sort | macroeconomic prognosis of employment in the czech republic |
| url | https://econjournals.com/index.php/ijefi/article/view/4449 |
| work_keys_str_mv | AT danieltoth macroeconomicprognosisofemploymentintheczechrepublic AT lenkakuaarkova macroeconomicprognosisofemploymentintheczechrepublic |