THE CHAOTIC UNEMPLOYMENT RATE GROWTH MODEL: EURO AREA

Vesna D. Jablanovic ()
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Vesna D. Jablanovic: Professor of Economics, University of Belgrade, Faculty of Agriculture, Nemanjina 6 , 11081 Belgrade, Republic of Serbia

Regional Science Inquiry, 2017, vol. IX, issue 1, 153-159

Abstract: The unemployment rate in the Euro Area fall to 10.026 per cent in 2016. Among the Member States, the lowest unemployment rates were recorded in Germany and Malta. On the other hand, the highest unemployment rates were observed in Greece and Spain. Unemployment rates have fallen from their postcrisis peaks, but remain high. The basic aims of this paper are: firstly, to provide a relatively simple chaotic unemployment rate growth model that is capable of generating stable equilibria, cycles, or chaos, and secondly, to analyze the unemployment rate growth stability in the period 1991-2015 in the Euro Area.. This paper confirms stable growth of the unemployment rate in the Euro Area in the observed period.

Keywords: Unemployment rate; Economic Growth; Euro Area (search for similar items in EconPapers)
JEL-codes: J64 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hrs:journl:v:ix:y:2017:i:1:p:153-159

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