Macroeconomic analysis of GDP and employment in EU countries

Abstract

In modern countries, there is request for focusing on budget policy. It is consequence of the weaknesses of previous ones. These policies were created to eliminate the resulting disparities in the past and they were successful in solving those problems, neglecting some categories whose negative effects will manifest later. The importance of achieving an adequate rate of GDP growth as well as employment is in the center of almost all economic policies. The differences are in the instruments and measures that must be taken to achieve them. This article addresses precisely these goals of macroeconomic stability and the correlation that exists among these categories. Proving this correlation is important because the adopted policies can be monitored more effectively, but on the other hand will serve as a reminder of the importance of the measures adopted in these categories and the related macroeconomic stability. The SPSS software package was used and its correlation and regression analysis to prove the dependency, and the data will serve as a theoretical overview of GDP and employment trends in EU.

Interdependence of tourism competitiveness and development of Southern European countries

“…The economic effects of tourism, mostly measured by its contribution to income and employment, are also the subject of numerous studies. The reason for choosing these economic aggregates and through them expressing the economic effects of tourism is, among other things, their visibility and relatively easy measurability (Vladušić et al, 2020;Zdravković & Peković). For the same reason, studies of the economic impact of tourism focus primarily on economic benefits, while costs are often neglected (Comerio & Strozzi, 2019).…”

Unemployment Rate and GDP Growth Rate in Selected European Countries

“…A positive correlation between GDP and employment rate in European Union countries has been empirically confirmed by Cvijanović et al (2019) by regression analysis during the period Q4 2017 -Q3 2018. Vladušić et al (2019) analyzed unemployment and GDP growth rates in EU Member States in the last quarter of 2017 and the first three quarters of 2018. The unemployment rate was lowest in the Czech Republic in the EU (less than 3%) and it was followed by Malta, Germany, Hungary, and the Netherlands, which had an unemployment rate of up to 4%.…”

The relation between macroeconomic ambient and qualified healthcare workers: The case of the Republic of Serbia

“…The employment of unemployed and skilled health professionals is imperative. Vladušić et al (2020) studied the relationship between GDP and employment rates and examined their interdependence on the example of European Union countries. In this paper, they examined the correlation of GDP and employment as well as the statistical validity of the results.…”