Work detail

Analysis of Unemployment in Russia: //Spatial Analysis on Russian Regions

Author: Bc. Jan Provazník
Year: 2019 - summer
Leaders: doc. Ing. Tomáš Cahlík CSc.
Work type: Bachelors
Language: English
Pages: 47
Awards and prizes:
Abstract: This thesis analyses the regional labor markets of Russian Federation in terms of unemployment
and Okun’s law. Using Hodrick-Prescott filter, the potential GRP and natural rate of
unemployment are calculated in order to be used for the estimation of Okun’s law coefficient
(OLC). The analysis reveals variation in OLC between regions as well as significant spatial
correlation thereof (measured by Moran’s I). For the examination of Okun’s convergence, a
new method is developed which consists in estimating a time trend in R-squared obtained by
estimating Okun’s law cross-sectionally, separately for each year. The results indicate that there
is no regional Okun’s convergence in Russia




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