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International trade significantly determines the level of economy output. The volume of international trade, in comparison to produced output, might be expressed as the openness of economy. Openness is the most obvious aspect of globalization. This gives the researchers a wide range of research questions. Theoretical and empirical papers usually deal with the impact of openness on macroeconomic development of countries, regions or economic areas. Openness of economy is reduced by three main barriers – imperfecti...

Nowadays, unemployment of young people becomes a crucial problem in European area, as well as worldwide. The Strategy Europe 2020 offers some options to decrease youth unemployment from macro perspective. The paper deals with general view on youth unemployment, including separately unemployment of males and females in age of 15 to 24 years. The paper analyses and compares youth unemployment for the both genders. The result is illustrated in the form of the panel regressions, with the respect to OkunВґs law. In ord...