The imbalance of the economic and social level between territorial units is a problem of many countries, including Slovakia. In addition to product losses, the absence of labor incomes of lagging territorial units and their reduced ability to develop independently appear to be a problem. The reason for such a situation may be low economic activity as well as a weak relationship between employment in some regions. The aim of this study is to identify differences in the relationship between the rate of economic growth and changes in the unemployment rate in the all regions at the NUTS3 level in Slovakia in the period 1999-2018. To examine the relationship between unemployment and the rate of economic growth, a gap version of Okun's Law was used. A simple linear regression model was constructed for each region at NUTS 3 level. By comparing the values of constructed econometric models, the regional differences and sources of these differences were identified. The results of the analyzes have indicated that there is a direct causal relationship between the change in unemployment and the rate of economic growth in the short term. The correlation coefficients confirmed the negative relationship between GDP growth rate and unemployment. The strength of the relationship across region at NUTS 3 level was differentiated, but in all NUTS 3 regions was statistically significant. The impact of the growth rate on changes in unemployment has been found to be differentiated mainly according to the size of unemployment, as well as the sources and stability of the rate of economic growth and the structure of economic activities.
{"title":"Regional Disparities in the Relationship between Economic Growth and Unemployment","authors":"M. Daňová, Ivana Kravčáková Vozárová","doi":"10.46585/sp28020900","DOIUrl":"https://doi.org/10.46585/sp28020900","url":null,"abstract":"The imbalance of the economic and social level between territorial units is a problem of many countries, including Slovakia. In addition to product losses, the absence of labor incomes of lagging territorial units and their reduced ability to develop independently appear to be a problem. The reason for such a situation may be low economic activity as well as a weak relationship between employment in some regions. The aim of this study is to identify differences in the relationship between the rate of economic growth and changes in the unemployment rate in the all regions at the NUTS3 level in Slovakia in the period 1999-2018. To examine the relationship between unemployment and the rate of economic growth, a gap version of Okun's Law was used. A simple linear regression model was constructed for each region at NUTS 3 level. By comparing the values of constructed econometric models, the regional differences and sources of these differences were identified. The results of the analyzes have indicated that there is a direct causal relationship between the change in unemployment and the rate of economic growth in the short term. The correlation coefficients confirmed the negative relationship between GDP growth rate and unemployment. The strength of the relationship across region at NUTS 3 level was differentiated, but in all NUTS 3 regions was statistically significant. The impact of the growth rate on changes in unemployment has been found to be differentiated mainly according to the size of unemployment, as well as the sources and stability of the rate of economic growth and the structure of economic activities.","PeriodicalId":53172,"journal":{"name":"Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46208184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Public services are crucial for working stable economies in the European Union and for the development of public policies, but also the ensuring of infrastructure and satisfaction of public needs. The article aims to evaluate selected public services by the volume of allocated public expenditures, focusing on similarities in the EU countries. The quantitative analysis concentrates on financial allocations by COFOG second level in selected areas of public services. The research is carried out for the period 2008-2017 by use of multidimensional scaling. The results have shown that the EU countries can be divided into seven clusters by the similarity of public expenditures on services, although partial differences are present even in these clusters. The results have proved a high similarity of services by the volume of allocated public expenditures (public health services, recreational and sporting services) and services related to housing development. On the other hand, differences in financial allocations are presented by public services which satisfy needs of society (police services) and areas of technical infrastructure (transport, waste management), compared to the other public services analysed. These findings reflect the role and size of the public sector with respect to priorities of the EU countries.
{"title":"Public Services and their Financial Allocation in the European Context","authors":"Martina Halásková, Renata Halásková, Pavel Bednář","doi":"10.46585/sp28021052","DOIUrl":"https://doi.org/10.46585/sp28021052","url":null,"abstract":"Public services are crucial for working stable economies in the European Union and for the development of public policies, but also the ensuring of infrastructure and satisfaction of public needs. The article aims to evaluate selected public services by the volume of allocated public expenditures, focusing on similarities in the EU countries. The quantitative analysis concentrates on financial allocations by COFOG second level in selected areas of public services. The research is carried out for the period 2008-2017 by use of multidimensional scaling. The results have shown that the EU countries can be divided into seven clusters by the similarity of public expenditures on services, although partial differences are present even in these clusters. The results have proved a high similarity of services by the volume of allocated public expenditures (public health services, recreational and sporting services) and services related to housing development. On the other hand, differences in financial allocations are presented by public services which satisfy needs of society (police services) and areas of technical infrastructure (transport, waste management), compared to the other public services analysed. These findings reflect the role and size of the public sector with respect to priorities of the EU countries.","PeriodicalId":53172,"journal":{"name":"Scientific Papers of the University of Pardubice, Series D: Faculty of Economics and Administration","volume":null,"pages":null},"PeriodicalIF":0.4,"publicationDate":"2020-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41661592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：