Labour market dynamics in Greek regions: a Bayesian Markov chain Approach using proportions data

Christodoulakis, George A and Mamatzakis, Emmanuel C (2010) Labour market dynamics in Greek regions: a Bayesian Markov chain Approach using proportions data. Review of Economic Analysis, 2 (1). pp. 32-45. ISSN 1973-3909

Full text not available from this repository.

Abstract

This paper focuses on Greek labour market dynamics at a regional base, which comprises of 16 provinces, as defined by NUTS levels 1 and 2 (Eurostat, 2008), using Markov Chains for proportions data for the first time in the literature. We apply a Bayesian approach, which employs a Monte Carlo Integration procedure that uncovers the entire empirical posterior distribution of transition probabilities from full employment to part employment, unemployment and economically unregistered unemployment and vice a versa. Our results show that there are disparities in the transition probabilities across regions, implying that the convergence of the Greek labour market at a regional base is far from being considered as completed. However, some common patterns are observed as regions in the south of the country exhibit similar transition probabilities between different states of the labour market.

Item Type: Article
Schools and Departments: School of Business, Management and Economics > Business and Management
Subjects: H Social Sciences
Depositing User: Janet Snow
Date Deposited: 03 Jul 2012 11:25
Last Modified: 12 Dec 2012 17:17
URI: http://sro.sussex.ac.uk/id/eprint/40016
📧 Request an update