| Title |
Ekonominių ciklų poveikis Europos Sąjungos darbo rinkos rodikliams / |
| Translation of Title |
The influence of the business cycles on EU labour market indicators. |
| Authors |
Reizgevičienė, Rasa ; Beržinskienė, Daiva |
| Full Text |
|
| Is Part of |
Ekonomika ir vadyba: aktualijos ir perspektyvos.. Vilnius : BMK Leidykla. 2013, Nr. 4, p. 61-72.. ISSN 1648-9098 |
| Keywords [eng] |
business cycle ; unemployment rate ; employment rate ; labor force activity rate ; labor costs ; job vacancies ; new EU countries ; old EU countries |
| Abstract [eng] |
In global economy labor market becomes extremely sensitive to the changes of economic environment. Studies assessing the dependence between the economic growth and labor market indicators have found out, that the economic slowdown affects the various labor market indicators. Recent empirical studies have shown that the negative impact of the GDP decline on the unemployment, employment rates and other labor market indicators can be more significant, in the cases of emerging economies. Although, scientific studies have shown, that the economic downturn makes negative influence to labor indicators, and in the economic growth cycle the indicators are improving, but in today’s economy, there are cases when the labor market indices do not coincide with classical economic theory trends. Firstly, economically strong and less developed countries are characterized by different response of labor market indicators to economic shocks. Secondly, some labor indicators changes discrepancies according to the GDP changes may start at labor market during economic shocks. Discrepancies usually start because of labor indicators lag or, conversely, are caused by the future expectancies of economic subjects. [...]. |
| Published |
Vilnius : BMK Leidykla |
| Type |
Journal article |
| Language |
Lithuanian |
| Publication date |
2013 |
