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Macroeconomic Prognosis of Employment in the Czech Republic

Author

Listed:
  • Daniel Toth

    (Department of Management, Masarykuv stav Vy ch Studi , CVUT, Kolejn 2, 160 00 Praha 6, Czech Republic)

  • Lenka Kuc rkov

    (Department of Languages, Faculty of Economics and Management, Czech University of Life Sciences Prague, Czech Republic.)

Abstract

The article is focused on employment policy in the Czech Republic, its success and development, stated goals, and whether it is possible to reach 75% employment by 2020. In the context of comparison with another country, Austria has been chosen. Total employment, women's employment, men s employment and age groups from 55 to 64 years will be compared. Employment is a comprehensive indicator, which requires economic and social definition. For prognosis processing, the ordinary least squares (OLS) method, so called OLS, was used. Multiple regression analysis generates a regression econometric equation which could be, after the substitution of variables, used as an instrument of the prognosis of employment development for medium term forecasts. The OLS econometric model requires an econometric verification, which shows the conditions under which the model works and is valid.

Suggested Citation

  • Daniel Toth & Lenka Kuc rkov, 2017. "Macroeconomic Prognosis of Employment in the Czech Republic," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 730-736.
    • Handle: RePEc:eco:journ1:2017-04-84
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    References listed on IDEAS

    as
    1. Alessandra Casarico & Paola Profeta & Chiara Daniela Pronzato, 2016. "On the Regional Labour Market Determinants of Female University Enrolment in Europe," Regional Studies, Taylor & Francis Journals, vol. 50(6), pages 1036-1053, June.
    2. Smutka, L. & Maitah, Mansoor & Zhuravleva, E. A., 2014. "The Russian Federation – Specifics of the Sugar Market," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 6(1), pages 1-14, March.
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    More about this item

    Keywords

    Employment; Prognosis; Macroeconomics Employment; Prognosis; Macroeconomics;
    All these keywords.

    JEL classification:

    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
    • J01 - Labor and Demographic Economics - - General - - - Labor Economics: General
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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