YUR


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YUR

ISO 4217 code for the reformed dinar, a currency used in the former Yugoslavia. It was introduced in 1992, quickly succumbing to hyperinflation. It was replaced by the October dinar in 1993 at a ratio of 1 million to one.
References in periodicals archive ?
Table 1: Youth unemployment, youth to total unemployment ratio and NEET rates (2007 versus 2013) YUR 15-24 YUR/TUR Countries 2007 2013 2007 2013 EU-28 15.
We have already mentioned that YURs are much higher than TURs in all countries.
Recent empirical evidence, see Table 1, shows that YURs were in 2013 higher by half compared with 2007 values even in the United States (15.
In addition to a change in institutional governance, macroeconomic policies should become more expansionary in order to reduce the overall and YURs, and policymakers should stimulate economic growth in the short as well as in the long run.
To this end, we applied the general specifications of Tables 3 and 4 to YUR and UR.
Remarkably, successful implementation of counter-cyclical labor market policies in the Continental group emerges even more clearly for both YUR and UR, with significantly lower responses to GDP changes during the crisis years.
From an econometric perspective, we observe that the presence of unit roots both in the YUR and UR estimates does not affect the validity of our inference methods because (1) there are asymptotic effects for large N and fixed T, and (2) the bias correction method is even more accurate in the presence of unit roots (Kiviet, 1995).
The main task of this paper has been to investigate the recent dynamics of YUR compared with both total UR and the more innovative NEET indicator.
In the econometric section, using dynamic panel data GMM and bias-corrected LSDV estimators, we sought to detect differences in the persistence of NEET and YUR rates as well as possible changes, following the crisis, in the sensitivity of such labor market indicators to GDP dynamics.
Second, the highest persistence of NEET rates as well as of YUR and UR and the smallest response to changes in GDP are found in Southern regions.
Fourth, the foregoing patterns are largely replicated in the YUR estimates, with the exception that for NMS regions, YUR is not found to be sensitive to GDP in 2010.
At the macro level, there is a need to increase economic growth; as we have observed, YUR and NEET rates respond significantly to GDP growth.