Original scientific paper

CROATIA'S BEVERIDGE CURVE AND ESTIMATION OF NATURAL RATE OF UNEMPLOYMENT: 1990-2008

Zdravko Sergo
Amorino Poropat
Jasmina Gržinić

Abstract

This paper explores the relationship between unemployment (UR) and job vacancies rate (VR) on Croatia’s labor market during the observed period from January 1990 to December 2008 on the basis of empirical analysis using the framework of the UV Curve, also known as the Beveridge Curve. We estimated the natural rate of unemployment (in static and dynamic time varying equilibrium version) as a concept which follows from the Beveridge Curve theory that says that changes in vacancy rate push unemployment in the opposite direction.

Keywords

Beveridge Curve; unemployment rate; job vacancies rate; natural rate of employment

Hrčak ID:

47316

URI

https://hrcak.srce.hr/47316

Publication date:

15.9.2009.

Article data in other languages: croatian

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