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
Publication date:
15.9.2009.
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