The Republic Of Croatia Emlpoyment Structure Analysis From 2008 Until 2013 As An Macroeconomical Crisis Indicator
Employment (unemployment) is one of the most observed macro-economic indicators with GNP and inflation (Ferencak, 2003). Thus, it could easily be concluded that employment analysis would give us a transparent data of the economic situation of the Republic of Croatia and European Union. The paper puts forward the curve of employment which shows the fluctuations of the employment structure at the period of past ten years (from 2003 to 2013). Statistical analysis in programming language R have been used in order to give prospective on European Union and Croatian employment past trends, its correlation with GDP and its future predictions for period 2014 to 2016.
ANALYSIS OF CORRELATION BETWEEN THE UNEMPLOYMENT RATE AND GROSS DOMESTIC PRODUCT IN THE EUROPEAN UNION
Vacancies, unemployment, wage levels and labor costs do not only affect a country's economy by lowering the Gross Domestic Product, but every person’s life. The purpose of this paper is to analyze the Gross Domestic Product and unemployment rate in the European countries for the period 2005-2011. To perform the analysis, official data from Eurostat, National Statistical Institute and the National Agency for Employment in Romania were taken. The research objectives are to analyze the two indicators for 27 European countries, including Romania. The indicators obtained by Romania were analyzed and compared to the indicators registered by other countries. The expected results consist of establishing a link between GDP and unemployment rate. This link and the intensity of the link will be established by calculating and analyzing the correlation indicator
Economic development and unemployment: do they connect?
Purpose - Unemployment is a systemic element of economic development which need not and “normally” does not give rise to full employment of labour regardless of the flexibility in labour markets. This paper aims to address these issues. Design/methodology/approach - The paper presents the common arguments and policy proposals to unemployment put forward by mainstream and Keynesian economics and it continues by exploring the dynamics of economic development and its effects on employment. Findings - The normal utilization of the capital stock is not necessarily associated with any specific level of employment. As a result, even high levels of unemployment may be consistent with the normal (full) employment of capital, and the degree of flexibility in the labour market cannot affect the above result in any significant way. Practical implications - The dynamics of capital accumulation continually tend to reproduce a stream of displaced workers. Moreover, the liberalization of the labour market in the effort to increase labour flexibility have contributed to the polarization of income distribution and increased the poverty rate. Originality/value - The acknowledgment that the normal functioning of capitalism is consistent with a rising unemployment rate may provide policy makers with a solid analytical ground upon which more realistic and viable employment policies can be proposed in the effort on the one hand to reduce unemployment and on the other hand to alleviate its adverse effects on the unemployed and on social cohesion.