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Economic crisis and labour market in the Czech Republic

Author

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  • Václav Toušek
  • Václav Novák

Abstract

In their article the authors present a hypothesis that, even at the time of economic crisis, regional disparities in the labour market situation may decrease. Temporal and spatial analysis of the Eurostat data on unemployment has unequivocally proved that the economic crisis has deepened the differences in the level of unemployment between the individual EU member countries. However, a similar unemployment data analysis for 77 districts of the CR has lead to the knowledge that, in the Czech Republic, the differences in unemployment have decreased. This fact was significantly influenced by two main factors: the large-scale character of the economic crisis, and the well-chosen tools of the regional policy in the CR before the crisis (support of direct foreign investment, support of the construction of industrial zones etc.). The authors chose the coefficient of variation as the basic indicator to quantify regional disparities.

Suggested Citation

  • Václav Toušek & Václav Novák, 2012. "Economic crisis and labour market in the Czech Republic," Regionální studia, Prague University of Economics and Business, vol. 2012(1), pages 38-52.
    • Handle: RePEc:prg:jnlrst:v:2012:y:2012:i:1:id:64:p:38-52
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