Pregled bibliografske jedinice broj: 930171
Long memory property of (un)employment in Croatia
Long memory property of (un)employment in Croatia // Proceedings of the International Conference Theory and Applications in the Knowledge Economy / Tome, Eduardo ; Neumann, Gaby ; Knežević, Blaženka (ur.).
Zagreb: Eduardo Tomé, Lisbon/Portugal, Faculty of Economics at the University of Zagreb and E4 Conferences, 2017. str. 727-737 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)
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Naslov
Long memory property of (un)employment in Croatia
Autori
Bošnjak, Mile ; Bilas, Vlatka ; Franc, Sanja
Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni
Izvornik
Proceedings of the International Conference Theory and Applications in the Knowledge Economy
/ Tome, Eduardo ; Neumann, Gaby ; Knežević, Blaženka - Zagreb : Eduardo Tomé, Lisbon/Portugal, Faculty of Economics at the University of Zagreb and E4 Conferences, 2017, 727-737
ISBN
978-989-20-7714-7
Skup
Theory and Applications in the Knowledge Economy (TAKE) 2017
Mjesto i datum
Zagreb, Hrvatska, 12.07.2017. - 14.07.2017
Vrsta sudjelovanja
Predavanje
Vrsta recenzije
Međunarodna recenzija
Ključne riječi
unemployment, fractional integration, ARFIMA, long memory, Croatia
Sažetak
Croatian labor market faces many challenges, from fragmentation and inappropriate structure to unfavorable dynamics. Unemployment in Croatia persists as one of the key labour market issues and thus, economic policies dealing with unemployment should be based on the anticipations regarding the evolution of unemployment or employment in the country. The purpose of this paper is to contribute to the empirical literature regarding labour market concerns by fitting the appropriate econometric model that reveals employment and unemployment properties and dynamics in Croatia. Unlike previous research that find employment and unemployment in Croatia to be integrated of order one, research results in this paper on a monthly data samples for the period from 2000‐2015 indicate that employment and unemployment series in Croatia behave as a fractionally integrated process. Evaluating the modelsthrough standard information criteria, ARFIMA (1, 0.44, 1) isfound to be the best fitted model for employment dynamics while ARFIMA (1, 0.49, 0) represents the best fitted model explaining unemployment dynamics. The results have shown that employment and unemployment processesin Croatia are weakly stationary and exhibitstrong dependence between past observation, long memory, mean reversion and covariance stationarity.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Ustanove:
Ekonomski fakultet, Zagreb
