|
| |
|
|
Comparison of the labor market in the Czech Republic and Catalonia
Dědová, Markéta ; Brožová, Dagmar (advisor) ; Dudáková, Tereza (referee)
This bachelor thesis deals with the comparison of the labor market of the Czech Republic and Catalonia. In the introductory part I will present the two countries using comparison of the basic labor market indicators of both countries, where attention is paid to the role of the European Union's and the Eurozone's impact on the labor market in both countries.First, I will focus on the analysis of development of unemployment according to education, where I will pay attencion to the connection between unemployment and educational attainment, which proceeds from the assumption, that with rising qualification the unemployment rate of the group should decline. Then I decided to analyze the labor market with the use of economic instruments, which are using one of the the components of the labor market, unemloyment, as a variable. That is the Okun's Law, the Phillip's curve and the Beveridge's curve, when at created graphs I will confirm or disprove given assumptions. In the final part I will create econometric models to help examine the interdependence of variables and I shall evaluate the validity of the Phillip's curve and the Beveridge's curve.
|
|
|
What is the Predicative Ability for Unemployment Rate of Different Methodologies for Output Gap Estimation?
Holá, Martina ; Kubíček, Jan (advisor) ; Chytil, Zdeněk (referee)
The submitted diploma thesis is dedicated to the calculation of the estimation of output gap by three estimating techniques (Hodrick-Prescott filter, Kalman filtering, and Cobb-Douglas production function) for the Czech Republic during the years 1995-2009, and, consequently, to their usefulness for testing the Okun's law as a suitable predicative tool. In other words, which of the mentioned methods is the most appropriate one for an accurate prediction of the rate of unemployment. To achieve this, the Box-Jenkins methodology is used for modelling and designing the cyclical unemployment forecasts and dynamic version of the Okun's law. The results indicate that, for the given period, there is relatively strong and unstable relationship between changes in output gap and changes in cyclical unemployment in the Czech Republic. The most suitable technique for the estimating of the future development of unemployment gap seems to be the Cobb-Douglas production function approach. This is namely based on the quantity of gained forecast errors and Granger causality.
|
guest ::
