Unemployment in Greece and Cyprus in the 21st Century: An Analysis from a European Perspective

One of the main concerns facing societies today is unemployment. However, its evolution in all economies is not the same. It is necessary to know the determining factors of the evolution of the unemployment rate because it is one of the variables that can delay and prevent real convergence with the...

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Bibliographic Details
Published inRevista de economía mundial no. 64; pp. 129 - 150
Main Authors Fernández Sánchez, Pedro, García Centeno, María del Carmen, Hurtado Ocaña, Inmaculada, Arroyo Fernández, María Jesús
Format Journal Article
LanguageEnglish
Published Universidad de Huelva 11.08.2023
Subjects
COVID-19
Great Recession
labour market policies
macroeconomic variables
Unemployment rate
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Summary:One of the main concerns facing societies today is unemployment. However, its evolution in all economies is not the same. It is necessary to know the determining factors of the evolution of the unemployment rate because it is one of the variables that can delay and prevent real convergence with the rest of the European Union Member States. The aim of this paper is to present an explanatory model, since the beginning of the 21st century, for unemployment in two Mediterranean economies with important historical, cultural, and economic ties. The identification of the explanatory variables of unemployment allows us to determine whether the response of the Greek and Cypriot authorities to reduce unemployment has been adequate.
ISSN:1576-0162
1576-0162
2340-4264
DOI:10.33776/rem.vi64.7511