Wavelet Analysis of Unemployment Rate in Visegrad Countries
Michal Pietrzak () and
Adam Balcerzak ()
No 37/2016, Working Papers from Institute of Economic Research
Visegrad countries, Poland, Slovakia, Czech Republic and Hungary have common history and have faced the same challenges created by globalisation process for the last three decades. They have successfully transformed form central planned to market economies. They have implemented fundamental reforms of their whole institutional systems and finally joined the European Union in the year 2004. During this process the most significant changes, which were directly influenced by opening of these economies in the reality of globalisation, have been seen on the labour markets. From the policy point of view the labour markets are always considered as crucial for social and macroeconomic stability of economies. This forces the economists to constant empirical research in this field. In this context the aim of the article is to conduct comparative analysis of the unemployment phenomena in the four countries. For this purpose wavelet analysis was applied. In the research a discrete wavelet transformation was used, which has been recently effectively used for analysis of macroeconomic indicators. The empirical research was conducted for the years 1998-2016 and it was based on the Eurostat data. In the research the following hypothesis was verified: the phenomenon of unemployment in the case of Poland, Slovakia and Hungary is formed in a quite similar way, whereas in Czech Republic the situation on the labour markets is mainly determined by factors of different nature.
Keywords: unemployment; wavelet analysis; multiresolution analysis; Visegrad countries (search for similar items in EconPapers)
JEL-codes: E2 E24 C45 (search for similar items in EconPapers)
Date: 2016-09, Revised 2016-09
New Economics Papers: this item is included in nep-mac and nep-tra
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2016_No_37.pdf First version, 2016 (application/pdf)
Chapter: Wavelet Analisis of Unemployment Rate in Visegrad Countries (2016)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2016:no37
Access Statistics for this paper
More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ().