Efficiency of the matching process on the Czech regional labour markets
| Authors | |
|---|---|
| Year of publication | 2014 |
| Type | Article in Proceedings |
| Conference | Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII |
| MU Faculty or unit | |
| Citation | |
| Web | http://www.fhi.sk/en/katedry-fakulty/kove/ssov/papers/ |
| Field | Economy |
| Keywords | matching efficiency; matching function; regional labour markets; stochastic frontier model; panel data; Czech Republic |
| Attached files | |
| Description | This contribution aims to quantify the performance of the Czech regional labour markets and to reveal the most influencing economic factors standing behind. Investigated labour markets are described by the corresponding matching functions. From this point of view the successful matches are treated as an output of production process where unemployed are paired with vacancies. Resulting unemployment outflows are determined by the efficiency of this matching process. Using stochastic frontier model approach, we estimate the efficiency of regional matching functions, evaluate the differences among the regions and reveal the key determinants of this kind of effectiveness. The stochastic frontier is estimated using regional panel data for the period 1997-2013. |
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