About: ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY

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About: ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009 Goto Sponge Distinct Permalink

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rdf:type	skos:Concept http://linked.opendata.cz/ontology/domain/vavai/Vysledek
Description	The main aim of this paper is to compare estimations and results for Okun's law relation coefficients of the Czech economy 1996-2009 with coefficients for economies of the US and France. These countries were chosen to compare the most discussed US economy with the France as a representative of the western-European type of economy and the Czech Republic as a representative economy of a transition country. The analysis is based on two principles - the difference version and the dynamic version of the Okun's law. Estimations of difference version of Okun's law coefficients show the persistence of the basic rule - the GDP growth causes the unemployment rate decrease. The estimation results express that the 1 percentage point decrease in the unemployment rate is bound with 10.1% increase of the real GDP. These numbers are different for France and the USA; the 1 percentage point decrease in the unemployment rate is bound with 2.7% increase of the real GDP in France and with 1.8% increase of the real GDP in the USA for the same time period. The output growth rate under a condition of the stable unemployment rate for the case of the Czech Republic is 2.4 %, while in France and in the USA is much smaller. The time changes in coefficients reveal the decreasing trend of the Czech GDP growth rate under a condition of the stable unemployment rate. The ratio of the GDP-change to the unemployment rate change has increased during the studied period. Estimations of dynamic version of Okun's law have shown the same tendencies in the Czech Republic as in other two countries. The main aim of this paper is to compare estimations and results for Okun's law relation coefficients of the Czech economy 1996-2009 with coefficients for economies of the US and France. These countries were chosen to compare the most discussed US economy with the France as a representative of the western-European type of economy and the Czech Republic as a representative economy of a transition country. The analysis is based on two principles - the difference version and the dynamic version of the Okun's law. Estimations of difference version of Okun's law coefficients show the persistence of the basic rule - the GDP growth causes the unemployment rate decrease. The estimation results express that the 1 percentage point decrease in the unemployment rate is bound with 10.1% increase of the real GDP. These numbers are different for France and the USA; the 1 percentage point decrease in the unemployment rate is bound with 2.7% increase of the real GDP in France and with 1.8% increase of the real GDP in the USA for the same time period. The output growth rate under a condition of the stable unemployment rate for the case of the Czech Republic is 2.4 %, while in France and in the USA is much smaller. The time changes in coefficients reveal the decreasing trend of the Czech GDP growth rate under a condition of the stable unemployment rate. The ratio of the GDP-change to the unemployment rate change has increased during the studied period. Estimations of dynamic version of Okun's law have shown the same tendencies in the Czech Republic as in other two countries. (en)
Title	ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009 ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009 (en)
skos:prefLabel	ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009 ECONOMIC GROWTH AND UNEMPLOYMENT RATE OF THE TRANSITION COUNTRY - THE CASE OF THE CZECH REPUBLIC 1996-2009 (en)
skos:notation	RIV/47813059:19520/11:#0001820!RIV13-MSM-19520___
http://linked.open...avai/riv/aktivita	I
http://linked.open...avai/riv/aktivity	I
http://linked.open...iv/cisloPeriodika	1
http://linked.open...vai/riv/dodaniDat	2013
http://linked.open...aciTvurceVysledku	Mielcová, Elena
http://linked.open.../riv/druhVysledku	J - Článek v odborném periodiku
http://linked.open...iv/duvernostUdaju	S - Úplné a pravdivé údaje nepodléhající ochraně podle zvláštních právních předpisů
http://linked.open...titaPredkladatele	Slezská univerzita v Opavě / Obchodně podnikatelská fakulta v Karviné
http://linked.open...dnocenehoVysledku	195994
http://linked.open...ai/riv/idVysledku	RIV/47813059:19520/11:#0001820
http://linked.open...riv/jazykVysledku	eng - angličtina
http://linked.open.../riv/klicovaSlova	kun's law, GDP growth, unemployment rate (en)
http://linked.open.../riv/klicoveSlovo	unemployment rate GDP growth kun's law
http://linked.open...odStatuVydavatele	CZ - Česká republika
http://linked.open...ontrolniKodProRIV	[F8E02D7510D4]
http://linked.open...i/riv/nazevZdroje	E & M EKONOMIE A MANAGEMENT
http://linked.open...in/vavai/riv/obor	AH
http://linked.open...ichTvurcuVysledku	1 (xsd:int)
http://linked.open...cetTvurcuVysledku	1 (xsd:int)
http://linked.open...UplatneniVysledku	2011
http://linked.open...v/svazekPeriodika	14
http://linked.open...iv/tvurceVysledku	Mielcová, Elena
http://linked.open...ain/vavai/riv/wos	000296411900003
issn	1212-3609
number of pages	9 (xsd:int)
http://localhost/t...ganizacniJednotka	19520

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