PL EN


2011 | 4(16) | 133-149
Article title

The application of Markov chain model to the description of Hungarian market processes

Authors
Content
Title variants
Languages of publication
EN
Abstracts
EN
Different methods can be selected from the statistical mathematical toolbar to describe labor market processes. The paper applies Markov model, a method rarely used in regard to labor market. This method is popular in several disciplines including regional economics to manage income inequalities, sociology, microeconomics and public health. The advantage of the model is that it illustrates well the mobility in each status making it easier to generate predictions. The paper examines NUTS3 level unemployment data in Hungary over the period 1992–2009 using Markov chain model.
Year
Issue
Pages
133-149
Physical description
Dates
online
2011-12-20
Contributors
  • University of Miskolc
References
Document Type
Publication order reference
YADDA identifier
bwmeta1.element.ojs-issn-2084-3968-year-2011-issue-4_16_-article-1524
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