Modelling the Labour Market in Bulgaria

Vasil Tzanov

Economic Studies journal, 1999, issue 1, 123-172

Abstract: This study is an attempt to estimate and analys the links and relationships of the main elements and flows of the Bulgarian labour market at 90s in their simultaneity. For this purpose the econometric modeling is used, and in particularly the new approach from general to specific modelling and cointegration analyses. In this connection the statistical properties of the variables and their possibilities to modelling are investigated. There are specified and estimated the econometric models describing the long and short-run relationships of the employment, vacancies, matching function, wages and prices. A simulation short-run econometric model of the Bulgarian labour market incorporating the error correction mechanisms (ECM) is build up and estimated. Characteristics of the properties and possibilities of the model for analyses, forecast and simulation of different labour market policies are made.

Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:1999:i:1:p:123-172

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