Research Information System
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.1478-1489
The main purpose of the research work is to assess quantitatively the impact of the components of human capital vector upon the level of unemployment in the labor market. So that the econometric investigation has been conducted in order to consider the impact of those components of the human capital vector from the state budget to education and health on the level of unemployment. The various methods of econometric modeling have been used during the study. Econometric testing of built-in regression models has shown that these kinds of models are far more adequate in real-time and can be used to foresee and define unemployment levels within the labor market.