This thesis focuses on corelation between unemployment and gross domestic product in the Czech Republic and Poland during the period 1990 - 1998. It analyses an empirically observed relationship relating change in unemloyment rate to change in GDP -- Okun's law. After presenting aproaches of different economic schools to unemployment, this work analyses and compares changes in unemployment and labour market as well as identifies the main factors of economic growth and unemployment rate. It faces a problem of discrepancy and inaccuracy of statistical data from the transformation period as well as rapidly changing factors that influenced the natural rate of unemployment and potential output. These reasons made it impossible to uniquely determine validity of Okun's law during transformation period in the Czech Republic and Poland.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:113675 |
| Date | January 2012 |
| Creators | Walach, Janusz |
| Contributors | Petrášek, František, Houdek, Petr |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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