Throughout mainstream economic development literature and, in particular, the analysis of international trade performance, references to the importance of allowing factor prices in a given land to reflect the relative scarcity of its factors of production abound. The consequences for developing...

This study represents an attempt to determine to what degree well-meant labor market policies negatively influence employment and hence unemployment levels. To do this a survey - referred to hereafter as the Labor Code Survey (LCS) - of firms in Panama was carried out. This survey is unique not...