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Labour market dynamics in Greek regions: a Bayesian Markov chain Approach using proportions data
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posted on 2023-06-08, 12:01 authored by George A Christodoulakis, Emmanuel C MamatzakisThis 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.
History
Publication status
- Published
Journal
Review of Economic AnalysisISSN
1973-3909Publisher
Rimini Centre for Economic AnalysisIssue
1Volume
2Page range
32-45Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-07-03Usage metrics
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