D 2019

Analysis of labour market development in the Czech Republic

KRKOŠKOVÁ, Radmila

Basic information

Original name

Analysis of labour market development in the Czech Republic

Authors

KRKOŠKOVÁ, Radmila (203 Czech Republic, guarantor, belonging to the institution)

Edition

České Budějovice, 37thInternational Conference onMathematical Methods in Economics 2019, p. 314-319, 6 pp. 2019

Publisher

University of South Bohemia in České Budějovice, Faculty of EconomicsStudentská 13, 370 05 České Budějovice, Czech Republic

Other information

Language

English

Type of outcome

Stať ve sborníku

Field of Study

50202 Applied Economics, Econometrics

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

Publication form

electronic version available online

References:

RIV identification code

RIV/47813059:19520/19:A0000065

Organization unit

School of Business Administration in Karvina

ISBN

978-80-7394-760-6

Keywords in English

ADF test of stationarity; Beveridge curve; cointegration test; Johansen test; labor market; VECM
Změněno: 11/1/2020 14:48, Mgr. Radmila Krkošková, Ph.D.

Abstract

V originále

This article deals with an analysis of the relationship between the unem-ployment rate and the number of vacancies in the labour market. This relationship can be characterized by the Beveridge curve. The article explores, whether there is a long-term or short-term relationship between variables. Furthermore, this relation-ship in the labour market is expanded with the impact of the rate of the unemployed earning unemployment benefit, the rate of unemployed graduates and the rate of un-employed women. The vector error correction model was used for this purpose to determine both long-term and short-term causal relationships. To create the resulting model, the econometric methodology was used, namely unit root tests, Granger cau-sality for the determination of statistically significant relationships, information cri-teria and the Johansen cointegration test.The data used have the character of quar-terly time series in the period from 2002Q1 to 2018Q4.EViews software version 9 was usedfor the calculations.