Interlinkages of the Czech Regional Labour Markets
Interlinkages of the Czech Regional Labour Markets

Summary/Abstract: The key issue of the structural policy are the specifics of the respective regions which comprise the whole economy. This paper focuses on the possible interlinkages of the regional labour markets of the Czech economy. The analysis rests on the key variables of the search model, which are probability of finding a job, separation rate and labour market tightness. The possible interlinkages are detected via multivariate GARCH models between the particular regional labour market and the whole economy. The results show that by no means can it be expected that there are any stable links between the markets. The interlinkages are many times absent at all and also significant asymmetry with respect to the variable in question arises. The results point to significant structural specificities of the respective regional labour market.

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