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Statements

Subject Item
n2:RIV%2F47813059%3A19520%2F13%3A%230002195%21RIV14-MSM-19520___
rdf:type
n4:Vysledek skos:Concept
dcterms:description
The paper deals with development of the regional unemployment rate in the Czech Republic. The unemployment rate differed significantly among the Czech NUTS 3 regions during the period 2005 and 2012. According to previous studies high unemployment is caused by drop in economic performance or by some structural problems in the region. We can see that the development of the Czech national unemployment rate was correlated with the economic cycle. In other words, it means that during economic growth the unemployment rate is decreasing and during economic downturn it is increasing. We used Czech Ministry of Labour and Social Affairs monthly seasonally adjusted data during the observed period between the years 2005 and 2012. We have applied 2005 registered unemployment methodology. In total, we had 96 observations. We also applied the Hodrick-Prescott filter for estimating the natural rate of unemployment. This method is often used for estimating the potential output and is possible to use in the case of unemployment. Our empirical results show that in most regions the real unemployment rate was lower than the natural rate of unemployment during the pre-crisis period. In other words, it means that the Czech labour market was in positive unemployment gap. However, this gap was not the same in all regions. We found that the positive unemployment gap was lower in the problematic regions like the Ustecky and Moravskoslezsky region. These findings suggest that these regions still have to face some structural problems and the labour market is not so flexible as in the rest of regions. In addition, we also found that the natural rate of unemployment has shifted permanently higher in comparison with the pre-crisis period. The paper deals with development of the regional unemployment rate in the Czech Republic. The unemployment rate differed significantly among the Czech NUTS 3 regions during the period 2005 and 2012. According to previous studies high unemployment is caused by drop in economic performance or by some structural problems in the region. We can see that the development of the Czech national unemployment rate was correlated with the economic cycle. In other words, it means that during economic growth the unemployment rate is decreasing and during economic downturn it is increasing. We used Czech Ministry of Labour and Social Affairs monthly seasonally adjusted data during the observed period between the years 2005 and 2012. We have applied 2005 registered unemployment methodology. In total, we had 96 observations. We also applied the Hodrick-Prescott filter for estimating the natural rate of unemployment. This method is often used for estimating the potential output and is possible to use in the case of unemployment. Our empirical results show that in most regions the real unemployment rate was lower than the natural rate of unemployment during the pre-crisis period. In other words, it means that the Czech labour market was in positive unemployment gap. However, this gap was not the same in all regions. We found that the positive unemployment gap was lower in the problematic regions like the Ustecky and Moravskoslezsky region. These findings suggest that these regions still have to face some structural problems and the labour market is not so flexible as in the rest of regions. In addition, we also found that the natural rate of unemployment has shifted permanently higher in comparison with the pre-crisis period.
dcterms:title
Estimating the Regional Natural Rate of Unemployment: the Evidence from the Czech Republic Estimating the Regional Natural Rate of Unemployment: the Evidence from the Czech Republic
skos:prefLabel
Estimating the Regional Natural Rate of Unemployment: the Evidence from the Czech Republic Estimating the Regional Natural Rate of Unemployment: the Evidence from the Czech Republic
skos:notation
RIV/47813059:19520/13:#0002195!RIV14-MSM-19520___
n4:predkladatel
n21:orjk%3A19520
n6:aktivita
n14:S
n6:aktivity
S
n6:dodaniDat
n13:2014
n6:domaciTvurceVysledku
n7:1874217 n7:9055681
n6:druhVysledku
n18:D
n6:duvernostUdaju
n9:S
n6:entitaPredkladatele
n15:predkladatel
n6:idSjednocenehoVysledku
73253
n6:idVysledku
RIV/47813059:19520/13:#0002195
n6:jazykVysledku
n17:eng
n6:klicovaSlova
Czech Republic; Hodrick-Prescott filter; natural rate of unemployment; regional disparities
n6:klicoveSlovo
n10:Czech%20Republic n10:regional%20disparities n10:natural%20rate%20of%20unemployment n10:Hodrick-Prescott%20filter
n6:kontrolniKodProRIV
[96E5CE2181E6]
n6:mistoKonaniAkce
Liberec
n6:mistoVydani
Liberec
n6:nazevZdroje
Proceedings of the 11th International Conference Liberec Economic Forum 2013
n6:obor
n11:AH
n6:pocetDomacichTvurcuVysledku
2
n6:pocetTvurcuVysledku
2
n6:rokUplatneniVysledku
n13:2013
n6:tvurceVysledku
TVRDOŇ, Michal VERNER, Tomáš
n6:typAkce
n8:EUR
n6:zahajeniAkce
2013-09-16+02:00
s:numberOfPages
8
n12:hasPublisher
Technická univerzita v Liberci
n20:isbn
978-80-7372-953-0
n19:organizacniJednotka
19520