Labour Market Analysis Using VAR Models

Ana Maria Ciuhu

No 4, Working papers from Ecological University of Bucharest, Department of Economics

Abstract: This paper aims to emphasize the way of conducting a multivariate vector autoregressive model for analyzing the labour market in Romania. The quarterly data used in the analysis comprises the following variables: social productivity, employment rate, real wage and unemployment rate. The analysis is conducted by using the vars package in R. The vector autoregressive model is one of the most flexible and easy to use models for the analysis of multivariate time series.

Keywords: Employment; Labour market; Vector autoregressive models; R (search for similar items in EconPapers)
JEL-codes: C32 C51 E24 J21 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2017-04
New Economics Papers: this item is included in nep-mac and nep-tra
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Published in Ecology of XXI Century: Proceedings of the International Conference of the Ecological University of Bucharest: EUB-2017, Bucharest, Romania, ISBN: 978-606-26-0804-0, April 2017, pages 60-70

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Persistent link: https://EconPapers.repec.org/RePEc:eub:wpaper:2017-04

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