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Prevailing trade theory is a neglected stepchild of economics. Micro rejects the sole reason for trade’s occurrence. It declares zero profit in equilibrium. Monetary theory and macroeconomics dismiss concerns of trade financing. They assert that money has nothing to do with traded output, but...
Persistent link: https://www.econbiz.de/10005408069
South Africans unemployment rate is one of the highest in the world, and it has important distributional implications …. The paper examines the incidence of unemployment using two national household surveys for the mid-1990s. Both entry to … unemployment and the duration of unemployment are examined. A probit model of the determinants of unemployment is estimated: it …
Persistent link: https://www.econbiz.de/10005556755