Efficiency of the matching process on the Czech regional labour markets

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NĚMEC Daniel

Rok publikování 2014
Druh Článek ve sborníku
Konference Proceedings of the International Scientific Conference QUANTITATIVE METHODS IN ECONOMICS Multiple Criteria Decision Making XVII
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www http://www.fhi.sk/en/katedry-fakulty/kove/ssov/papers/
Obor Ekonomie
Klíčová slova matching efficiency; matching function; regional labour markets; stochastic frontier model; panel data; Czech Republic
Přiložené soubory
Popis 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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