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Study Of Labour Dynamics Using The Semi-Markovian Processes

Author

Listed:
  • Nicolae, Mariana

    (Institute for Economic Forecasting, Romanian Academy, Bucharest)

Abstract

The current paper attempts to describe the labor market parameter dynamics using a different method, namely the semi-Markovian processes. This method allows for the labor market study without the large fluctuations that occurred at a certain moment in time impinging upon the results of the future estimations. This method, like other statistic and econometric methods provide the economic agent with information for adopting long run decisions, through which possible development trajectories are drawn for economic, budgetary and financial strategies.

Suggested Citation

  • Nicolae, Mariana, 2002. "Study Of Labour Dynamics Using The Semi-Markovian Processes," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(4), pages 116-124, December.
    • Handle: RePEc:rjr:romjef:v::y:2002:i:4:p:116-124
    as

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    More about this item

    Keywords

    labour force dynamics; semi-Markow processes;

    JEL classification:

    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other

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