BEVERIDGE CURVE SHIFTS – EUROPE 2020 PERSPECTIVES
Keywords:Unemployment, Beveridge curve, Simultaneous Equations System, Economic policy
The present paper aligns to the economic policy body of research granting intensive efforts to the sphere of analysing the unemployment rate’s evolution as well as its primary drivers and effects in the context of the Europe 2020 strategy. Considering one of the agenda’s main targets – increasing employability among the European Union’s states, this paper analyses the areas funded by the European Social Fund as well as the country policy specifics in deriving the behaviour of the Beveridge curve associated with the EU-13 countries given the shift of European Union’s funds from old member states to newer ones. As such, the study employs the tools of Simultaneous Equations Systems and examines the impact of four categories of components on the Beveridge curve’s behaviour - structure of the unemployed, labour market and business environment factors as well as business cycles.JEL Codes - E24, J21, J64
Benati, L., and Lubik, T. A., 2013. The Time-Varying Beveridge Curve. Working Paper Series. http://www.richmondfed.org/publications/
Blanchard, O., 2005. European Unemployment: The Evolution of Facts and Ideas. NBER Working Paper Series. http://www.nber.org/papers/w11750
Blanchard, O., Jaumotte, F., and Loungani, P., 2013. Labor Market Policies and IMF Advice in Advanced Economies During the Great Recession. IMF Stuff Disscussion Note. https://www.imf.org/external/pubs/ft/sdn/2013/sdn1302.pdf
Bouvet, F., 2012. The Beveridge Curve in Europe: New evidence using national and regional data. Applied Economics, 44(27), 3585-3604. doi: http://dx.doi.org/10.1080/00036846.2011.579062
Ciumaș, C., and Văidean, V. L., 2011. Protecție și asigurări sociale. Cluj-Napoca: Todesco Publishing House.
Dimian, C. G., 2011. Dezechilibre pe piaţa muncii în ţări din Uniunea Europeană şi OCDE. Revista Română de Statistică(1).
European Commission, 2010. Europe 2020. A strategy for smart, sustainable and inclusive growth. http://ec.europa.eu/archives/growthandjobs_2009/pdf/complet_en.pdf
European Commission, 2015. Investing in jobs and growth - maximising the contribution of European Structural and Investment Funds. http://ec.europa.eu/contracts_grants/pdf/esif/invest-progr-investing-job-growth-report_en.pdf
Ferenț-Pipaș, M., and Armean, G., 2016. Examining European Business Environments and Labour Markets. A Country-Clustering Proposal. The Annals of the University of Oradea, Economic Sciences, 25(1), 351-362.
Jimeno-Serrano, J. F., and Rodriguez-Palenzuela, D., 2002. Youth Unemployment in the OECD: Demographic Shifts, Labour Market Institutions, and Macroeconomic Shocks. ECB Working Paper Series. http://ssrn.com/abstract=357960
Mortensen, D., and Pissarides, C., 1999. New developments in models of search in the labor market. In O. Ashenfelter and D. Card (Eds.), Handbook of Labour Economics (Vol. 3rd, pp. 2567-2627). Holland: Elsevier.
How to Cite
Copyright (c) 2016 SCIENTIFIC ANNALS OF ECONOMICS AND BUSINESS
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
All accepted papers are published on an Open Access basis.
The Open Access License is based on the Creative Commons license.
The non-commercial use of the article will be governed by the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License as currently displayed on https://creativecommons.org/licenses/by-nc-nd/4.0
Under the Creative Commons Attribution-NonCommercial-NoDerivatives license, the author(s) and users are free to share (copy, distribute and transmit the contribution) under the following conditions:
1. they must attribute the contribution in the manner specified by the author or licensor,
2. they may not use this contribution for commercial purposes,
3. they may not alter, transform, or build upon this work.