IDEAS home Printed from https://ideas.repec.org/a/bas/econst/y2015i4p120-137.html
   My bibliography  Save this article

Hysteresis, Structural Shocks and Common Trends in Labor Market: Consequence for Ukraine

Author

Listed:
  • Marianna Oliskevych

Abstract

This article provides an econometric analysis of the effects of technology shocks, labor demand shocks, labor supply shocks and wages shocks on the labor market in Ukraine. Structural vector autoregressive error correction model is formed on macroeconomic data for 2002-2014. The presence of hysteresis in unemployment is revealed. Three common trends are defined which determine the behavior of labor productivity, employment, unemployment rate and real wages. It is shown that only technological shocks have a positive long-term impact on productivity, although in the short run positive changes can be caused by positive shocks of wages and labor supply. The unemployment rate in the long run significantly reduces due to technological shocks and demand shocks, while supply shocks lead to its growth. Technological shocks and labor demand shocks are the source of positive change in the number of employed and real wages.

Suggested Citation

  • Marianna Oliskevych, 2015. "Hysteresis, Structural Shocks and Common Trends in Labor Market: Consequence for Ukraine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 120-137.
    • Handle: RePEc:bas:econst:y:2015:i:4:p:120-137
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=10812eae-1824-467a-b780-ab9a8acab81c&articleid=69300cb2-16fe-4a92-949d-2b17c6920ba5#a69300cb2-16fe-4a92-949d-2b17c6920ba5
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Marianna Oliskevych & Galyna Beregova & Viktor Tokarchuk, 2018. "Fuel Consumption in Ukraine: Evidence from Vector Error Correction Model," International Journal of Energy Economics and Policy, Econjournals, vol. 8(5), pages 58-63.
    2. Marianna Oliskevych & Iryna Lukianenko, 2020. "European unemployment nonlinear dynamics over the business cycles: Markov switching approach," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 22(4), pages 375-401.
    3. Iryna Lukianenko & Marianna Oliskevych, 2017. "Evidence of Asymmetries and Nonlinearity of Unemployment and Labour Force Participation Rate in Ukraine," Prague Economic Papers, Prague University of Economics and Business, vol. 2017(5), pages 578-601.
    4. repec:prg:jnlpep:v:preprint:id:633:p:1-24 is not listed on IDEAS

    More about this item

    JEL classification:

    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econst:y:2015:i:4:p:120-137. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.