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Institute of Government as a Factor of Influence on Youth Unemployment in Ukraine
Romanika T. K.

Romanika, Tetiana K. (2020) “Institute of Government as a Factor of Influence on Youth Unemployment in Ukraine.” Business Inform 3:161–169.
https://doi.org/10.32983/2222-4459-2020-3-161-169

Section: Labour economics and social policy

UDC 331.5

Abstract:
The article is aimed at identifying the influence of the institute of government on the labor market and youth unemployment by means of econometric research (modeling) and statistical analysis, as well as defining the main directions of improvement of institutional regulation of the youth labor market. Youth unemployment has been shown to be a complex socio-economic phenomenon, influenced by many factors, from the technological restructuring of the modern economy up to the features of the mental nature in adaptation of youth to the challenges of unemployment. An econometric modeling of youth unemployment in Ukraine for the period 2006-2019 was carried out. In the first stage of the modeling, the institutional status of government was specified, in the second a statistical analysis of the youth labor market was carried out for the relevant periods in the context of domination of the institute of presidency as the main political institution. The influence of the institutional factor (institution of presidency) on the regulation of the youth labor market is studied in detail. This influence occurs indirectly, through the development and implementation of relevant laws and programs at both the State and the regional levels. It is proved that, along with the influence of common factors (technological revolution, cyclical nature of development, structure of economy, geopolitics, etc.), the institutional environment plays a significant role both in growth and in overcoming youth unemployment. Institutional actions must be comprehensive, effective, covering all youth population groups. This can be achieved by establishing an inclusive institutional regime, integrating young people into the socio-economic reproduction process and their quality education.

Keywords: institutional factor, youth unemployment, institute of presidency, econometric modeling of the influence of the institutional factor.

Fig.: 2. Tabl.: 3. Formulae: 3. Bibl.: 15.

Romanika Tetiana K. – Postgraduate Student, Department of Economic Theory and Economic Methods of Management, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

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Tiutiunnykova, S. V., and Romanika, T. K. “Bezrobittia v umovakh hlobalizatsii“ [Unemployment in the Context of Globalization]. Sotsialna ekonomika, vol. 52, no. 2 (2016): 61-68.
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[Legal Act of Ukraine] (2019). https://zakon.rada.gov.ua/laws/show/718/2019

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