The following information was submitted:
Transactions: INTERNATIONAL JOURNAL of MATHEMATICAL MODELS AND METHODS IN APPLIED SCIENCES
Transactions ID Number: 20-449
Full Name: Michal Tvrdon
Position: Assistant Professor
Age: ON
Sex: Male
Address: Univerzitni nam. 1934/3
Country: CZECH REPUBLIC
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E-mail address: tvrdon@opf.slu.cz
Other E-mails: michal.tvrdon@seznam.cz
Title of the Paper: The business cycle and unemployment: empirical evidence from the Visegrad group countries
Authors as they appear in the Paper: Michal Tvrdon
Email addresses of all the authors: tvrdon@opf.slu.cz, michal.tvrdon@seznam.cz
Number of paper pages: 9
Abstract: The paper deals with a relationship between the economic cycle and unemployment in the Visegrad group countries. The paper examines the causes of the economic crisis and its consequences on the labor market. Quarterly Eurostat and OECD data were used for the analysis of labor market performance. We also used the Beveridge curve which implicitly depicts a negative relationship between the rate of unfilled job vacancies and the unemployment rate and so it can properly link related creation of new job vacancies and the unemployed. Another finding is that shifts of individual Beveridge curves correspond to shifts of the theoretical Beveridge curve. In the last part of the paper, the Johansen test and the Error Correction Model were applied on 2000-2010 data to examine cointegration between the number of the unemployed labor force and output. On the basis of the unit root test, we found that in all countries, both variables are stationary except for their first differen!
ces Cointegration was proved only in the case of Slovakia.
Keywords: Labor market, Unemployment, Economic crisis, Visegrad Group, Cointegration, Error correction model
EXTENSION of the file: .doc
Special (Invited) Session: Impacts of the global economic crisis on the European labor market performance: the case of Visegrad Group countries
Organizer of the Session: 649-222
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