Month: June 2017

THE CHAOTIC UNEMPLOYMENT RATE GROWTH MODEL: EURO AREA

Vesna D. JABLANOVIC

Professor of Economics, University of Belgrade, Faculty of Agriculture, Nemanjina 6 , 11081  Belgrade, Republic of Serbia

vesnajab@ptt.rs

Abstract

The unemployment rate in the Euro Area fall to 10.026 per cent in 2016. Among the Member States, the lowest unemployment rates were recorded in Germany and Malta. On the other hand, the highest unemployment rates were observed in Greece and Spain. Unemployment rates have fallen from their postcrisis peaks, but remain high.  The basic aims of this paper  are: firstly,  to provide a relatively simple chaotic unemployment rate growth model that is capable of generating stable equilibria, cycles, or chaos, and secondly, to to analyze the unemployment rate growth stability in the period 1991-2015 in the Euro Area.. This paper confirms stable growth of the unemployment rate in the Euro Area in the observed period.

Keywords: Unemployment rate, Economic Growth, Euro Area

JEL classification: J64, 040, 052

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METHODOLOGICAL ASPECTS OF CONSTRUCTION OF THE DYNAMIC MODEL FOR THE DEVELOPMENT OF THE INSTITUTIONAL ENVIRONMENT OF THE INNOVATIVE MULTICLUSTERS

Napolskikh Dmitri LEONIDOVICH

Candidate of Economic Sciences, Associate Professor of the Department of Management and Law Volga State University of Technology Yoshkar-Ola, pl. Lenin, 3

NapolskihDL@yandex.ru

Abstract

The study of the processes of development of the institutional environment of the innovative multiclusters allows to determine the stage of its life cycle and the direction of the development of the processes of clustering the economic system of the region. The models of interaction among the economic agents of the innovative multicluster at the various stages of development of its institutional environment, proposed by the author, allow to monitor the effectiveness of the regional cluster policy over the long term. The study shows that the structure of the interactions among the economic agents in the framework of this model of formation and development of the innovative multiclusters is due to the institutional aspects of the regional cluster policy. The classification of the economic agents of the innovative multicluster, which are the main subjects of the processes of modernization of the institutional environment of the regional economic system, is provided.

Keywords: economic modeling, cluster policy, institutional environment

JEL classification:

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DETERMINANTS OF INCLUSIVE GROWTH IN IRANIAN REGIONS (SURE APPROACH IN PANEL DATA)

Majid FESHARI

Assistant Professor of Economics, Kharazmi University

majid.feshari@gmail.com

Mojtaba VALIBEIGI

Assistant Professor of Urban Planning, Buein Zahra Technical University

Abstract

The concept of inclusive growth is one of the important issues in the urban economics literature and has been considered in empirical studies recently. For this purpose, the aim of this paper is to investigate the relationship between income inequality and GDP growth in Iranian provinces over the period of 2000-2014. To conduct this study, the econometric model has been estimated by applying seemingly unrelated regression in panel data for 30 Iran’s provinces. The main findings of this paper shows that the Gini coefficient as a proxy for income inequality, unemployment rate have negative impact and initial value of Gini coefficient has positive and significant effect on the growth of GDP respectively. The overall conclusion of this study suggests that inequality of Iranian provinces can be declined by improving employment and growth of GDP in Iranian provinces.

Keywords: Inclusive Growth, GDP Growth, SURE Approach, Panel Data

JEL classification: C23,O15,R11

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