Series/Report no.:
43rd Congress of the European Regional Science Association: "Peripheries, Centres, and Spatial Development in the New Europe", 27th - 30th August 2003, Jyväskylä, Finland
Abstract:
Changes in unemployment rates are connected with both macroeconomic (symmetric) and sectoral (asymmetric) shocks taking place in the transitional Russian economy, causing the regional labor markets to react. We assumed that unemployment rates and the regional labor market behavior are determined by heterogeneous reactions of the regions to shocks. In the suggested theoretical model, the regions have different starting conditions, different employment structure, and pursue their economic policies in different ways.