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Analýza ukazatele NAIRU na sektorové úrovni
[Analysis of the Indicator NAIRU on the Sector Level]

Author

Listed:
  • Božena Kadeřábková
  • Emilie Jašová

Abstract

The economic development points out the importance of the development study of sectors and branches of economics, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in the primary, secondary and tertiary sector in the Czech Republic. With using the HP filter we estimate NAIRU. The comparison of the actual rate of unemployment with the average value NAIRU was used for the specification of the economic cycle. We compare the rate of unemployment, NAIRU and unemployment gaps in sectors with the average value on the national level too.

Suggested Citation

  • Božena Kadeřábková & Emilie Jašová, 2011. "Analýza ukazatele NAIRU na sektorové úrovni
    [Analysis of the Indicator NAIRU on the Sector Level]
    ," Politická ekonomie, University of Economics, Prague, vol. 2011(4), pages 508-525.
  • Handle: RePEc:prg:jnlpol:v:2011:y:2011:i:4:id:802:p:508-525
    as

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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    rate of unemployment in the national economy; NAIRU; HP filter and business cycle;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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