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Comparative Study of Some European Union Countries by Gross Value Added and Number of Employed during 2000- 2014 trough TRAMO/SEATS MODEL

Author

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  • Vasil Bozev

    (University of National and World Economy, Sofia, Bulgaria)

Abstract

Comparison between European Union coun­tries on quarterly basis by the value added and the number of employed reveals two main problems. First problem is caused by seasonality, which occurs and seriously disturbs the analysis. In this case, seasonal fluctuations in different countries may not match with each other thus making not entirely correct comparisons on the trend of mac­roeconomic indicators. The second problem re­lates to the different size of countries, which must be overcome in order to compare them

Suggested Citation

  • Vasil Bozev, 2016. "Comparative Study of Some European Union Countries by Gross Value Added and Number of Employed during 2000- 2014 trough TRAMO/SEATS MODEL," Ikonomiceski i Sotsialni Alternativi, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 58-69, April.
    • Handle: RePEc:nwe:iisabg:y:2016:i:2:p:58-69
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    More about this item

    Keywords

    gross value added; employed; seasonality;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E27 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications

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