UNEMPLOYMENT IN THE COUNTRIES OF CENTRAL AND EASTERN EUROPE - STAGNANT OR DYNAMIC?

Eugeniusz Kwiatkowski and Agnieszka Krzętowska

Economy & Business Journal, 2024, vol. 18, issue 1, 129-144

Abstract: The subject of the analysis is the phenomenon of unemployment in the countries of Central and Eastern Europe of the European Union in 2011-2022, considered both from the stock and flow perspective. The flow approach allows to assess whether unemployment is stagnant or dynamic. The article shows the differences between the studied countries in terms of unemployment rates, indicators of people's flows between employment and unemployment, and the determinants influencing both variables. The analyses show that the lowest unemployment rates occurred in the Czech Republic, Slovenia, and Poland, and the highest were in Slovakia, Latvia, and Lithuania. In contrast, the highest dynamics of flows of people on the labour market occurred in Estonia and the lowest in Bulgaria and Romania. This indicates a stagnant nature of unemployment in the latter two countries. The econometric analyses show that the factors significantly influencing the increase in the dynamics of the flow of people in the labour market were the increase in the share of temporary employment, the increase in the share of part-time jobs and the increase in investments in the economy.

Keywords: labour market; unemployment rate; flows of people in the labour market; stagnant and dynamic unemployment; central and eastern european countries (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:18:y:2024:i:1:p:129-144

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