Estimation of Prosperity and Depression Periods in a Labour Market

Authors

  • Kamon Budsaba Department of Mathematics and Statistics, Thammasat University, Rangsit Center, Bangkok 12121, Thailand.
  • Saengla Chaimongkol Department of Mathematics and Statistics, Thammasat University, Rangsit Center, Bangkok 12121, Thailand.
  • Shauneen Pete Vice President (Academic), First Nations University of Canada, 1 First Nation Way, Regina, Saskatchewan, S4S 7K2, Canada.
  • Arzu Sardarli Vice President (Academic), First Nations University of Canada, 1 First Nation Way, Regina, Saskatchewan, S4S 7K2, Canada.
  • Andrei Volodin Department of Mathematics and Statistics, University of Regina, Regina, Saskatchewan S4S 0A2, Canada

Keywords:

employment rate, mathematical modeling, nonlinear dynamics, population dynamics, sociodynamics

Abstract

Economical growth and fall causes corresponding processes in the labour market. Even a brief analysis of these processes indicates their cyclic feature; period of prosperity follows up recession, depression, and recovery periods. Governmental institutions may influence on these processes due the economical and social programs to reduce the length of negative periods. In this point of view it is important to estimate the duration of the periods in advance. In this paper we derived formulas to evaluate the prosperity and depression periods in the labour market, and confirmed them in an example of the province of Alberta (Canada).

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How to Cite

Budsaba, K., Chaimongkol, S., Pete, S., Sardarli, A., & Volodin, A. (2015). Estimation of Prosperity and Depression Periods in a Labour Market. Thailand Statistician, 6(2), 163–172. Retrieved from https://ph02.tci-thaijo.org/index.php/thaistat/article/view/34330

Issue

Vol. 6 No. 2 (2008): JULY

Section

Articles