INTERLINKAGES OF THE CZECH REGIONAL LABOUR MARKETS

• Authors: Pošta Vít
• Languages of publication: EN

Abstracts

EN

The key issue of the structural policy are the specifics of the respective regions which comprise the whole economy. This paper focuses on the possible interlinkages of the regional labour markets of the Czech economy. The analysis rests on the key variables of the search model, which are probability of finding a job, separation rate and labour market tightness. The possible interlinkages are detected via multivariate GARCH models between the particular regional labour market and the whole economy. The results show that by no means can it be expected that there are any stable links between the markets. The interlinkages are many times absent at all. Also significant asymmetry with respect to the variable in question arises. The results point to significant structural specificities of the respective regional labour market.

Keywords

EN

MULTIVARIATE GARCH; JOB; REGIONAL ANALYSIS; SEARCH MODEL; SEPARATION RATE; CZECH REPUBLIC; LABOUR MARKET

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2018
• Volume: 66
• Issue: 4
• Pages: 350 – 366

Contributors

author

Pošta Vít

• Czech Technical University in Prague, School of Business and Interdisciplinary Studies, Kolejní 2637/2a, 160 00 Prague, Czech Republic