Analysis of the Negative and Positive Impact of Institutional Factors on Unemployment in Visegrad Countries

Klára ?ermáková () and Emilie Ja?ová ()
Additional contact information
Klára ?ermáková: University of Economics in Prague
Emilie Ja?ová: University of Economics in Prague

International Journal of Economic Sciences, 2019, vol. 8, issue 1, 20-34

Abstract: The objective of our analysis is to associate V4 Member States indicators with the selected institutional factors of the labour market. In addition, it aims at extending the Sekhon?s standard model for inflation with institutional factors. For the purposes of estimating the NAIRU in V4 countries, we intend to use the Kalman filter method with a higher than common smoothing coefficient. The model?s data will produce a specific period in which the institutional factors actually have a negative effect or positive effect onto the unemployment rate in individual countries. Finally, the analysis of the character and intensity of the impact of institutional factors onto the unemployment rate in individual V4 countries should indicate space for a wider application of institutional characters by economic policymakers. They should be warned about the threat of overusing the institutional factors having a negative effect onto the development of both structural and cyclical unemployment.

Keywords: Institutional factors; NAIRU; minimum wage; collective agreements; tax wedge; define-term employment (search for similar items in EconPapers)
JEL-codes: E24 E32 E37 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://iises.net/international-journal-of-economi ... lication-detail-6943
https://iises.net/international-journal-of-economi ... tail-6943?download=2

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sek:jijoes:v:8:y:2019:i:1:p:20-34

Access Statistics for this article

International Journal of Economic Sciences is currently edited by Robert Holman

More articles in International Journal of Economic Sciences from International Institute of Social and Economic Sciences
Bibliographic data for series maintained by Klara Cermakova ().