Youth Unemployment and Developed European Countries

Abstract

The aim of this study is to define youth unemployment in Europe in both developing countries and developed ones. Youth unemployment itself is a complex macroeconomic factor, because it is indicated by several other factors. To study youth unemployment complexity there are taken into consideration variables like Consumer Price Index (CPI), Interest Rate (INT), and Industrial Production Index (IPI). The data are obtained by the official site of EUROSTAT and International Monetary Fund (IMF) for a period of 2000-2015. According to previous studies and literature it was expected a significant impact through youth unemployment rate and variables we have taken into consideration in our study. Autoregressive Distributive Lag (ARDL) is the econometric model conducted in order to study the impact that independent variables and their first lags have on total youth unemployment, female and male youth unemployment, too.