NĚMEC, Daniel. Efficiency of the European labour markets: The Case of Czech Republic (A Stochastic frontier model approach). In 32nd International Conference Mathematical Methods in Economics Conference Proceedings. Olomouc: Palacký University, 2014, p. 703-708. ISBN 978-80-244-4209-9.
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Basic information
Original name Efficiency of the European labour markets: The Case of Czech Republic (A Stochastic frontier model approach)
Authors NĚMEC, Daniel (203 Czech Republic, guarantor, belonging to the institution).
Edition Olomouc, 32nd International Conference Mathematical Methods in Economics Conference Proceedings, p. 703-708, 6 pp. 2014.
Publisher Palacký University
Other information
Original language English
Type of outcome Proceedings paper
Field of Study Economics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form storage medium (CD, DVD, flash disk)
WWW URL
RIV identification code RIV/00216224:14560/14:00076449
Organization Ekonomicko-správní fakulta – Repository – Repository
ISBN 978-80-244-4209-9
UT WoS 000356417900121
Keywords in English matching efficiency; matching function; European labour markets; Czech Republic; stochastic frontier model; panel data
Links MUNI/A/0808/2013, interní kód Repo.
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 1/9/2020 21:31.
Abstract
This contribution aims to provide a consistent methodology to evaluate the performance of the European labour markets in the last 20 years and to reveal the most important factors influencing the efficiency of these labour markets. In particular, it focuses on the Czech labour market. Labour markets and their dynamics may be described by the standard Cobb-Douglas matching functions. Successful matches are thus treated as an output of a production process where unemployed are paired with available vacancies. Unemployment outflows are determined by the efficiency of corresponding matching process. Using stochastic frontier model approach, we estimate the efficiency of matching functions of Czech labour market, reveal the dynamics of quantified efficiency indicators and evaluate the differences among the regions. The stochastic frontier is estimated using the regional panel data set for the period 1997-2013. The model specification includes fixed effect
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