Econometric Analysis of the Employment Rate for the E.U. Countries

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• 作者：Larisa Stanila ; Madalina Ecaterina Andreica ; Amalia Cristescu
• 关键词：employment rate ; earning ; remittances ; panel data ; and cluster analysis
• 刊名：Procedia - Social and Behavioral Sciences
• 出版年：8 January, 2014
• 年：2014
• 卷：109
• 期：Complete
• 页码：178-182
• 全文大小：574 K

文摘

In this paper we focus on analysing the evolution of the main relevant macroeconomic E.U. indicators by studying the changes occurred in the last years. We first apply a Hierarchical cluster analysis in order to classify the E.U. countries in two distinct groups. We then estimate a panel data model for each cluster, highlighting the indicators affecting the employment rate. The results indicate a positive influence of earning on employment rate for both clusters, while some particularities were also noticed. Further on, we build a simulation scenario to predict the employment rate for the E.U. member countries.