Duration of Regional Unemployment Spells in Slovenia

The paper begins with an overview of the unemployment rate in Slovenia and focuses on duration of unemployment and regional characteristics of the unemployment rates. It is shown that the dispersion of regional unemployment rate is gradually decreasing and is also slightly below European average on NUTS 3 level. The analysis of the duration of regional unemployment spells is based on the data obtained from the Employment Office of the Republic of Slovenia, which consists of the unemployment spells between January 1st, 2002 and November 18th, 2005 with more than 450,000 entries. The Kaplan-Meier estimates of the survival function are presented and the effects of region on the duration of unemployment spells are discussed.unemployment, regions, survival analysis, Kaplan-Meier estimator, Slovenia

Purchasing power parity in Central and Eastern European countries

This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries when the real exchange rate is based on US dollar (euro). Our empirical findings appear to support a long-run PPP in some of the transition countries that appears insensitive to the base country.

Purchasing power parity in Central and Eastern European countries.

This paper investigates the validity of the purchasing power parity (PPP) hypothesis for 13 Central and Eastern European countries (CEEC) in transition. The results based on the seemingly unrelated regression ADF (SURADF) method reveal that the PPP relationship holds in 7(6) out of the 13 countries when the real exchange rate is based on US dollar (euro). Our empirical findings appear to support a long-run PPP in some of the transition countries that appears insensitive to the base country

Real interest parity in Central and Eastern European countries: evidence on integration into EU and the US markets

We investigate the validity of real interest parity (RIP) for the 13 Central and Eastern European countries, over the period 1996–2011. We consider a panel stationarity test that allows for multiple breaks advocated by Carrion-i-Silvestre et al. (2005) and confirmed the strong version of RIP. We found that the events of the last two decades, including the recent global financial crisis affected most of the real interest differential series. Based on the local-persistent model, we found that these countries take less than a year to converge to the RIP value. Financial market integration in these countries is invariant with respect to the reference country—the US and EU