Dollarization, economic growth, and employment
Dollarization brought price stability and higher economic growth to Ecuador. Nevertheless, unemployment remained stubbornly high. Two opposing forces explain this result: sustained growth led to higher labor demand but price stabilization triggered substitution effects by cheaper intermediate goods and capital.
Year of publication: |
2009
|
---|---|
Authors: | Soto, Raimundo |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 1, p. 42-45
|
Publisher: |
Elsevier |
Subject: | Dollarization Employment Economic growth |
Saved in:
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