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The Chaotic Unemployment Rate Growth Model: Euro Area

Author

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  • Vesna D. JABLANOVIC

    (Professor of Economics, University of Belgrade, Faculty of Agriculture, Nemanjina 6 , 11081 Belgrade, Republic of Serbia)

Abstract

The unemployment rate in the Euro Area fall to 10.026 per cent in 2016. Among the Member States, the lowest unemployment rates were recorded in Germany and Malta. On the other hand, the highest unemployment rates were observed in Greece and Spain. Unemployment rates have fallen from their postcrisis peaks, but remain high. The basic aims of this paper are: firstly, to provide a relatively simple chaotic unemployment rate growth model that is capable of generating stable equilibria, cycles, or chaos, and secondly, to analyze the unemployment rate growth stability in the period 1991-2015 in the Euro Area.. This paper confirms stable growth of the unemployment rate in the Euro Area in the observed period.

Suggested Citation

  • Vesna D. JABLANOVIC, 2017. "The Chaotic Unemployment Rate Growth Model: Euro Area," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 153-159, June.
    • Handle: RePEc:hrs:journl:v:ix:y:2017:i:1:p:153-159
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    File URL: http://www.rsijournal.eu/ARTICLES/June_2017/13.pdf
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    Citations

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    Cited by:

    1. Ramesh Chandra Das, 2021. "Sectoral Compositions of Output and Employment in India: Are We Moving Towards Jobless, Job-loss or Job-enabled Growth?," Review of Market Integration, India Development Foundation, vol. 13(2-3), pages 98-123, December.
    2. Ramesh CHANDRA DAS & Kamal RAY, 2019. "Long Run Relationships And Short Run Dynamics Among Unemployment And Demand Components: A Study On Sri Lanka, India And Bangladesh," Regional Science Inquiry, Hellenic Association of Regional Scientists, vol. 0(1), pages 107-120, June.

    More about this item

    Keywords

    Unemployment rate; Economic Growth; Euro Area;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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