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
Jobless growth: a new challenge for the transition economy of Poland
Purpose – To explain the sources of jobless growth in Poland, the country undergoing economic system transition and integration with the European Union (EU). Design/methodology/approach – The research used the Harrod-Domar model together with an interpretation proposed by Barro and Sala-i-Martin to determine the growth threshold level of jobless growth in Poland. The technical, econometric calculation does not dominate the paper, which is destined for both academic and non-academic readers studying the phenomenon of jobless growth. Findings – The paper provides a review of literature and theories of jobless growth. The calculations show that Poland has a high threshold of jobless growth. The Polish GDP needs to grow at least 4 per cent to add new jobs. Research limitations/implications – To evaluate the overall long run impact of labor productivity on the job market one needs to include the growth of non-manufacturing jobs in the service sectors which accommodate the needs of more affluent worker/consumers. This long-term analysis is outside the scope of the paper. Practical implications – The authors calculated an important variable for the Polish economy, i.e. the threshold growth rate of jobless growth, which indicates a minimum rate of growth, needed to create a net demand for labor. This research is likely to be quoted by the economists studying sources of unemployment in Poland and as well as in any high growth economies. Originality/value – It is the only research known to the authors attempting to explain high level of unemployment in transition economies using recognized economic theories. The paper contributes to a better understanding of the phenomenon of jobless growth in market economies in general.