ECONOMIC TRENDS OF THE YOUTH LABOR MARKET IN UZBEKISTAN

Kalandar ABDURAKHMANOV

PhD in Economics, Professor, Tashkent Branch of G.V. Plekhanov Russian University of Economics

kalandar.abdurakhmanov1@gmail.com

Nodira ZOKIROVA

PhD in Economics, Professor, Tashkent Branch of G.V. Plekhanov Russian University of Economics

Abstract

The relevance of the study, confirmed by the growing scientific interest in the topic of youth employment in the labor market, is increasing in the context of the new paradigm of innovative development of the national economy in Uzbekistan. The feasibility of studying the economic aspects of the youth labor market development is determined by the high birth rate and the growing unmet demand of the population for educational services. It is obvious that the problem of ensuring the affordability of quality higher education as the main factor in the employment of young people in Uzbekistan is complicated and multidimensional. It is important to explore trends, formulate ways to develop the youth labor market and create a system for monitoring the compliance of the educational market offer with the employers’ demands in the labor market. This article is aimed at assessing the current realities, predicting the prospects for the foreseeable future, justifying the ways and specific measures to create irreversible conditions for the convergence of science, education and the real economy in the labor market of Uzbekistan.

Keywords: Unemployment, labor market, youth, education, employment

JEL classification: J00, J01, J08, J2, J20, J4, J40, J6, J60, J7, J70, J8, J80
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THE IMPACT OF THE ECONOMIC CRISIS IN THE PROCESS OF CONVERGENCE OF THE GREEK REGIONS

Panagiotis KOUDOUMAKIS

Dr. Civil Engineer, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

pkoudoum@civil.duth.gr

George BOTZORIS

Assistant Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

gbotzori@civil.duth.gr

Angelos PROTOPAPAS

Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

aproto@civil.duth.gr

Vassilios PROFILLIDIS

Professor, Democritus University of Thrace (DUTh), Department of Civil Engineering, Greece

vprofill@civil.duth.gr

Abstract

In this paper, the impact of the economic crisis on the convergence of the Greek region’s economy to the European average is examined. In particular, it is being considered the condition of absolute β-convergence using the econometric model of Barro and Sala-i-Martin. The dependent variable was represented by the average value of Gross Domestic Product (GDP) per capita in Purchasing Power Standards (PPS). Additionally the hypothesis of the σ-convergence of the regions of the EU and Greece is being considered, based on the coefficient of variation weighted by population. The results of both absolute β-convergence and σ-convergence suggest a declining trend of convergence and persistence of inequalities for the regions of the EU, following the outbreak of 2008 economic crisis. Regarding the regions of Greece, the results indicate, on the one hand, their deviation from the average income of the regions of the EU and, on the other, a significant increase in the regional disparities in the period 2000-2016.

Keywords: Convergence, Disparities, Economic Crisis, Regions

JEL classification: O41, R11, R12
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REGIONAL UNEMPLOYMENT DYNAMICS IN TURKEY

Hasan ENGIN DURAN

Izmir Institute of Technology, City and Regional Planning Department, Associate Professor of Economics, Gülbahce Kampüsü, Izmir Yüksek Teknoloji Ensitüsü, Mimarlık Fakültesi, Şehir ve bölge Planlama Bölümü, Urla-Izmir,  Tel: +90 232 750 70 66

enginduran@iyte.edu.tr

Abstract

Aim of the study is to investigate region specific causes of unemployment for Turkish 26 Nuts-2 regions between 2004-2017. We aim at contributing to the literature by analyzing (i) whether regional unemployment and sub-groups (with respect to gender, age, education) is driven by excessive labor supply or shortage of labor demand, (ii) which sub-groups have higher unemployment in regions. In terms of methodology, we employ descriptive and exploratory analyses, spatial tests and panel regressions. Our findings indicate three main results: First, there is a sizable difference in unemployment rates across regions and the dispersion is getting stronger over time. Second, there are extremely low and high unemployment rates in various sub-groups and regions. Third, changes in unemployment is mostly driven by changes in labor supply rather than demand. Among the 208 cases (26 regions x 8 sub-groups), in 154 cases, the major driver of unemployment is the excessive labor supply.

Keywords: Regional Unemployment, Labor Supply, Panel Data Regression

JEL classification: R11, R23, R12
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