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Development of the economic cycle on labour market in the national economy and industry of the Czech Republi

Author

Listed:
  • Bozena Kaderabkova

    (Czech technical University in Prague, Faculty of Civil Engineering)

Abstract

This paper assesses phases of the economic cycle on labour market in whole national economy and in the industry of the Czech Republic. The set of methods and models used in this paper lowers the uncertainty of estimation of unobservable variables. Estimated phases of the economic cycle were further verified by development of indicators in the real economy. The analysis localized unstable time period in whole national economy and in the industry, which was assessed by signs of instability, pace and its duration. A great deal of attention related to this issue was given to the transformation of the economy in the last decade of previous century and to period of recession in the first decade of 21st century.

Suggested Citation

  • Bozena Kaderabkova, 2016. "Development of the economic cycle on labour market in the national economy and industry of the Czech Republi," Proceedings of Business and Management Conferences 4407037, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:ibmpro:4407037
    as

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    File URL: https://iises.net/proceedings/4th-business-management-conference-istanbul/table-of-content/detail?cid=44&iid=009&rid=7037
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    References listed on IDEAS

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    More about this item

    Keywords

    Phillips curve; NAIRU; HP filter; Kalman filter; Stochastic trend and unemployment gap on macro-economic and meso-economic level;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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