scholarly journals NAIRU estimates in a transitional economy with an extremely high unemployment rate: The case of the Republic of Macedonia

2015 ◽  
Vol 60 (206) ◽  
pp. 167-186
Author(s):  
Predrag Trpeski ◽  
Dragan Tevdovski
Keyword(s):  
Unemployment Rate ◽  
National Economy ◽  
Iterative Procedure ◽  
Transitional Economy ◽  
Time Varying ◽  
High Unemployment ◽  
Republic Of Macedonia ◽  
High Unemployment Rate ◽  
The Republic

The main goal of the paper is to estimate the NAIRU for the Macedonian economy and to discuss the applicability of this indicator. The paper provides time-varying estimates for the period 1998-2012, which are obtained using the Ball and Mankiw (2002) approach, supplemented with the iterative procedure proposed by Ball (2009). The results reveal that the Macedonian NAIRU has ahumpshaped path. The estimation is based on both the LFS unemployment rate and the LFS unemployment rate corrected for employment in the grey economy. The dynamics of the estimated NAIRU stress the ability of the NAIRU to present the cyclical misbalances in a national economy.

scholarly journals Implementing the Resource Sharing Innovation Model to Sustainably Address the High Unemployment Rate

2021 ◽  
Author(s):  
Bambang Dwi Suseno ◽  
Furtasan Ali Yusuf ◽  
Syamsul Hidayat ◽  
Dewi Surani
Keyword(s):  
Unemployment Rate ◽  
Resource Sharing ◽  
Local Governments ◽  
Skill Development ◽  
Vocational School ◽  
Manufacturing Companies ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
Development Center ◽  
The Relationship

There is a paradoxical condition in which Banten Province is an area with an abundance of manufacturing companies, but has a high unemployment rate. So it is important to carry out research to provide innovative and sustainable policy mix recommendations for local governments. This study aims to analyze (1) the relationship between training revolving funds and the competence of vocational school graduates, (2) the relationship between training revolving funds and the skill development center, (3) the relationship between the competence of vocational school graduates and the skill development center, (4) the relationship between the competence of vocational education graduates and resource sharing innovation, (5) the relationship between resource sharing innovation and skill development centers, (6) resource sharing innovation with industrial human competitiveness, and (7) the effect of development center skills on industrial human competitiveness. This study used Research and Development (R&D) methods with participants from selected companies who were willing to accept vocational graduates as apprentices. After the data were collected, they were processed using the IBM AMOS 2.2 application. The findings were confirmed through triangulation with the person in charge of apprenticeships at the seven participating companies. The willingness to do resource sharing innovation (RSI) had an effect on the competitiveness of industrial people. Based on these results, it can be concluded that RSI, offered as a novelty, can increase the competitiveness of industrial people. These results can be used to overcome the high unemployment rate through RSI from companies in the region providing business convenience incentives. Keywords: resource sharing innovation, unemployment, sustainability

scholarly journals The high unemployment rate in Britain during the interwar period

2021 ◽  
Vol 123 ◽  
pp. 01027
Author(s):  
Yifei Liu
Keyword(s):  
Economic Policy ◽  
World War Ii ◽  
World War I ◽  
Interwar Period ◽  
Unemployment Rate ◽  
World War ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
The Relationship ◽  
Unemployment Problem

World War I (WWI) causes irreversible consequences on the British economy, and Britain has experienced the most severe economic crisis in the 1920s. This paper aims to explain the causes of unemployment in Britain in the years between the wars and why that problem persisted for much of that period. This paper will describe the causes of unemployment by analyzing how World War I affected the British exports market. Then this essay will move on by exploring how the economic policy of Britain after World War II(WWII) damages the exports market and creates high unemployment. In addition, this paper will also discuss the relationship between the change in the labour market in World War I and the unemployment problem. Finally, this paper will illustrate why the unemployment problem persists by exploring regional and industrial unemployment issues.

scholarly journals On the factors affecting start-up intention of Millennials in Vietnam

2021 ◽  
Author(s):  
AISDL
Keyword(s):  
Multiple Regression ◽  
Unemployment Rate ◽  
Self Efficacy ◽  
Entrepreneurial Intention ◽  
Factors Affecting ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
Start Up ◽  
Entrepreneurial Activities ◽  
The Relationship

In recent years, the problem in high unemployment rate after graduating was an alarming and hot issue in Vietnam. In this scene, the significant appearing of entrepreneurial activities is considered as a measure which can be implemented to address the serious problem and the research which is relative to start-up behaviors in Vietnam is necessary to conduct. Thus, the purpose of this study is to explore the effect of intrinsic capital and to figure out exactly percentages influence of each variable (Hope, Resilience, Optimism, and Self-efficacy) on entrepreneurial intention among Millennial. To analyze hypotheses, 321 questionnaires were collected randomly through online and offline surveys to test the relationship between inside psycho and thinking through using of SPSS Multiple Regression. The outcome of analysis has already covered that three of four sub-components i.e., hope, resilience, and self-efficacy contained the positive correlation on the intention of entrepreneurship. From a different angle, the optimism did not have a meaningful impact on dependent factors. However, due to the fact that optimism contributed essentially to the prediction of resilient behaviors, optimism can impact intention indirectly through resilience.

scholarly journals Policy of the labour market and employment strategy

2005 ◽  
Vol 48 (1-2) ◽  
pp. 81-92 ◽  
Author(s):  
Jova Radic
Keyword(s):  
Social Welfare ◽  
Labour Market ◽  
Market Economy ◽  
Unemployment Rate ◽  
Labour Productivity ◽  
Past Century ◽  
Political Issue ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
Labour Legislation

In terms of economy, it is practically impossible to tackle separately the issues of unemployment and labor market, Only in the non-market economy environment that existed till the very end of the past century the issue of human resources employment was treated as a dominant ideological and political issue. That resulted in inherited high rate of hidden unemployment, low labour productivity, technological gap in relation to the countries with the developed market economy, imbalanced regional development, and the like. People's psychological fear from unemployment resisted the reestablishment of the labour market. Many of them have experienced stressful job losses. Regretfully, in the first years of the market reestablish men t, due to well-known circumstances, new jobs have been created much slower than the surplus jobs have been eliminated in the rationalization process. That additionally increased the fear from unemployment and resistance to necessary transformation of labour legislation which should free the labour market from inflexible administrative restrictions. High unemployment rate does not characterize only the less developed countries. We have highlighted the problem in the EU member states, as well. Although we have not conducted a detailed empirical analysis, we have concluded that the issue of labour market functioning and unemployment have been the major internal problem for EU for many years now. EU plans to reach full employment in the foreseeable future. To reach the set goal, the labour legislation is being changed in terms of further labour market liberalization and achievement of flexible employment; establishment of European institutions with the task to tackle unemployment problems; and allocation of significant resources to finance employment programmes through structuring funds, first of all the European Social Fund. The general conclusion and the message to be drawn out of this paper are in that that the government and its social partners should, each in their domain of responsibility, do their best to free still hidden potentials of the labour market. In order to keep his job or to return to the work environment, a worker should master new competences and skills, and his employer should feel free to make decisions regarding his employees as much as he is free to choose work technology or the product he is going to produce. Of course, the labour market, particularly in high unemployment rate environment, does not imply employer's unlimited self-will toward his employees. Humane attitude and the heritage of the democratic world, which include equality among people without any kind of discrimination, gender equality, free movement, health care, right to social welfare, education, and the like, should be the leading principles. After all, EU has in its Social Welfare Charter clearly expressed its attitude toward man and his rights.

scholarly journals Transitions and Threats to Family from the Standpoint of People in Their Thirties

2015 ◽  
Vol 5 (2) ◽  
pp. 103-112
Author(s):  
Arkadiusz Marzec
Keyword(s):  
Young People ◽  
Unemployment Rate ◽  
High Unemployment ◽  
Basic Family ◽  
Cultural Transformations ◽  
High Unemployment Rate ◽  
Standards Of Living ◽  
Quality Of Living ◽  
Plan Birth

Abstract The aim of this study is to present certain aspects connected with transformation of contemporary Polish families and to indicate threats to performing their functions. Systematic, economic, social and cultural transformations have influenced lives of people and families and new opportunities emerged to improve standards of living, change attitudes and lifestyles. Contemporary families are characterized by varied structure and dominance of non-productive families formed primarily on non-economic grounds, which control and plan birth of children. However, families are facing a number of challenges and threats that affect performing the basic family functions. High unemployment rate, poverty, violence and addictions are only part of the phenomena that negatively affect quality of living of Polish families. This study presents opinions of young people about transitions and threats concerning family functions.

scholarly journals Employee engagement in Nigeria: The role of leaders and boundary variables

2018 ◽  
Vol 44 ◽  
Author(s):  
Okechukwu E. Amah
Keyword(s):  
Leadership Styles ◽  
Employee Engagement ◽  
Leadership Style ◽  
Unemployment Rate ◽  
Job Insecurity ◽  
Employee Voice ◽  
High Unemployment ◽  
Organisational Support ◽  
High Unemployment Rate ◽  
Favourable Environment

Orientation: Engaged employees make a valuable contribution to organisational agility and productivity in challenging business environments. Hence, identifying factors that enhance employee engagement is important in the Nigerian context.Research purpose: The objectives of this study were to show that various leadership styles have different effects on employee engagement, and that the employee voice and the perception of organisational support are boundary variables through which leadership style affects employee engagement.Motivation for the study: High unemployment rate and job insecurity in Nigeria make it necessary to determine leadership styles and other factors that enhance employee engagement.Research design, approach and method: Cross-sectional survey design was used with samples taken from organisations located in Lagos, Nigeria (n = 300). Existing measures of study variables that have been validated were used for the study. Statistical Package for the Social Sciences (SPSS) and structural equation modelling techniques were used for data analysis.Main findings: The relationship between leadership style and employee engagement is not direct but mediated through boundary variables, employee voice and perception of organisational support. Servant leadership style has the highest total effect on employee engagement. Autocratic style is detrimental to the engagement of employees. Encouraging employee voice enhances the employee’s perception of the organisation as supportive.Practical/managerial implications: Though leadership is known to be the main driver of employee engagement, not all leadership styles enhance employee engagement. The effect of leadership on employee engagement is influenced by the favourable environment created by the leader’s behaviour. Organisations must use the determination of potential leadership style as recruitment tool for new managers and those to be promoted. The performance evaluation of leaders must include behavioural factors that capture leaders’ ability to create a favourable environment that encourages the employee voice and perception of organisation as supportive.Contribution/value-add: Leadership styles are not equally effective in enhancing employee engagement. There are boundary variables arising from the environment created by leadership behaviour that enhance the effect of leadership style on employee engagement. The study was performed in Nigeria where high unemployment rate and job insecurity created a unique challenge in getting employees engaged.

scholarly journals The influence of employment and occupation on a household's net equity

2016 ◽  
Vol 9 (3) ◽  
pp. 730-748
Author(s):  
Hermanus Combrink ◽  
Jan Venter
Keyword(s):  
Unemployment Rate ◽  
Employment Status ◽  
Significant Degree ◽  
Equal Distribution ◽  
High Unemployment ◽  
South Africans ◽  
Equity Values ◽  
High Unemployment Rate ◽  
Net Equity ◽  
Using Data

Many South Africans are faced with the reality of poverty. Studies have shown that one of the best ways to alleviate poverty is through employment. Considering South Africa’s high unemployment rate, it is clear that unemployment contributes to poverty and low household net wealth. Using data obtained from a representative omnibus sample, this paper analysed the effect of employment status on a household’s net equity (assets minus liabilities). Whilst being employed did statistically significantly influence the household’s net equity, there was an almost equal distribution of households over the net equity quintiles, indicating that employment status alone is not a guarantee of economic emancipation. In order to determine the cause of the equal distribution, the paper investigated whether the occupation in which a person is employed might assist in explaining the differences in the net equity values. It was found that being employed in certain occupations did to a statistically significant degree explain the differences in the net equity of households, with the households of persons employed in scarce skills occupations, on average, having a significantly higher net equity than the households of persons employed in a non-scarce skills occupation.

scholarly journals Implications of Generic Skills on Innovative Behavior Towards Opportunity Recognition in Youth

2020 ◽  
Vol 11 (1) ◽  
pp. 123
Author(s):  
Rohana Ngah ◽  
Rahimah Sarmidy ◽  
Nurul Hafez Abd Halil
Keyword(s):  
Unemployment Rate ◽  
Online Survey ◽  
Opportunity Recognition ◽  
Partial Least Square ◽  
Least Square ◽  
Innovative Behavior ◽  
Generic Skills ◽  
High Unemployment ◽  
High Unemployment Rate ◽  
The Impact

The high competition in the employment market and high unemployment rate prompted the government to encourage entrepreneurship as a career option for students further. Many entrepreneurship programs and courses have been developed and offered in higher learning institutions to encourage innovative behavior and the ability to recognize opportunities, especially in the emerging digitization world and the high unemployment rate in Malaysia. Generic skills such as creativity, proactiveness, risk-propensity, leadership, motivation, and self-efficacy are said to be essential determinants for innovative behavior. This paper aims to investigate the impact of generic skills on innovative behavior and opportunity recognition empirically. The online survey was conducted on 225 students who took a technology entrepreneurship course at a Malaysian university. Data were then analyzed using Partial Least Square software. Only creativity and proactive have a strong influence on innovative behavior and opportunity recognition. The mixed results implied that more efforts to carry out to enhance further the innovative behavior of students in preparing them to real-world challenges. It is timely to readdress how to improve further and strengthen the generic skills of students. Recommendation and suggestions are presented.

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