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Dependence of Unemployment Change on Selected Economic Factors: Panel Data Evidence

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KUBÁK Matúš FIŠAR Miloš BOSÁKOVÁ Lucia HAJDUOVá Zuzana FIŠAR Miloš TIMUROVá Eva HAJDUOVA Zuzana TIMUROVA Eva

Druh Článek ve sborníku
Konference Current Trends in Public Sector Research : Proceedings of the 19th International Conference
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
Obor Ekonomie
Klíčová slova Global Unemployment; Panel Data Analysis; Fixed Effects Model (FEM)
Popis Unemployment, macroeconomic problem, varies depending on a multitude of different factors. Politicians and economists try to boost economic activity and fight unemployment using state employment aid and various policies. This study aims to investigate efficiency of choosing policies and to analyze unemployment trends in EU28, Norway, Japan and USA for years 2001-2010. The paper focuses on the relation of unemployment and selected economic factors (foreign direct investment flows as % of GDP, public expenditure on education as % of GDP, public expenditure on labor market policies as % of GDP and inflation rate). Thus, our panel data consist of 30 countries and 5 variables for 2001-2010. Our analysis revealed that in models with time lags foreign direct investment had no impact on unemployment, while public expenditure on education and inflation had a negative influence on employment. Public expenditure on labor market had a positive impact on employment after three to four years after its realization.
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