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Macroeconomic factors influencing unemployment in Albania

Author

Listed:
  • Loreta ISARAJ

    (University of Roma “Sapienza†, Italy)

  • Meleq HOXHAJ

    (Independent Researcher, Fier Albania)

Abstract

The aim of this paper is to analyze and better understand some of the main macroeconomic factors that affect unemployment in Albania. In Albania Unemployment is no longer at extreme levels of recent years, but it is still at a high level and a problem for the Albanian economy and society. We have used data for some of the main macroeconomic indicators obtained from the World Bank for the period 1991-2020, processed by EViews statistical program. The empirical results show that the link between unemployment and economic growth and link between inflation and unemployment is weakly positive, meanwhile trade has a negative impact on unemployment.

Suggested Citation

  • Loreta ISARAJ & Meleq HOXHAJ, 2021. "Macroeconomic factors influencing unemployment in Albania," Romanian Journal of Economics, Institute of National Economy, vol. 53(2(62)), pages 56-67, December.
    • Handle: RePEc:ine:journl:v:53:y:2021:i:62:p:56-67
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    References listed on IDEAS

    as
    1. Murtin, Fabrice & Robin, Jean-Marc, 2018. "Labor market reforms and unemployment dynamics," Labour Economics, Elsevier, vol. 50(C), pages 3-19.
    2. Dutt, Pushan & Mitra, Devashish & Ranjan, Priya, 2009. "International trade and unemployment: Theory and cross-national evidence," Journal of International Economics, Elsevier, vol. 78(1), pages 32-44, June.
    3. Meleq Hoxhaj, 2017. "Youth Unemployment in Albania, Causes and Consequences," EuroEconomica, Danubius University of Galati, issue 2(36), pages 159-168, November.
    4. Shkumbin Misini & Myrvete Badivuku-Pantina, 2017. "The Effect of Economic Growth under Nominal GDP in Relation to Poverty," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 20(63), pages 104-116, March.
    5. Lo Turco, Alessia & Maggioni, Daniela, 2013. "Does Trade Foster Employment Growth in Emerging Markets? Evidence from Turkey," World Development, Elsevier, vol. 52(C), pages 1-18.
    6. repec:hal:spmain:info:hdl:2441/1avjr94u1u9dkqrhs6u825vpp4 is not listed on IDEAS
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    More about this item

    Keywords

    Unemployment; Albania; GDP; Inflation; Trade;
    All these keywords.

    JEL classification:

    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F10 - International Economics - - Trade - - - General

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