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, in many African countries, unemployment rates are low and growth is seldom jobless. Regrettably, most of the poor work … long hours and cannot make ends meet while the violation of basic human rights is not uncommon. Again, youth unemployment …, demography and institutions). Thus, at all stages of development, forcing economic production to spread evenly across areas is …
Persistent link: https://www.econbiz.de/10011107833
institutions and governance to provide citizen security, justice and jobs is crucial to break cycles of violence while stimulating … recommends the need for restoring confidence, transforming institutions(procedures), providing specialized assistance, acting …
Persistent link: https://www.econbiz.de/10011112282
and lagged relationships between the rates of inflation, unemployment, and change in labour force. For France, several … unemployment within the Phillips curve framework. Following the original problem formulation by Fisher and Phillips, the set of … study has validated the reliability and accuracy of the linear and lagged relationships between inflation, unemployment, and …
Persistent link: https://www.econbiz.de/10011109998
plot of seasonal adjusted quarterly data between the change of nominal wage rates and the unemployment rate shows a picture …
Persistent link: https://www.econbiz.de/10008587820
There is a widespread debate on the importance of the quality of labor, which is the requirement for wages to cover basic needs and provide people with a decent way of life and fostering development at the same time. This paper proposes to measure a labor market development index, using...
Persistent link: https://www.econbiz.de/10011114350
unemployment – inflation space. …
Persistent link: https://www.econbiz.de/10009325625
Increasing returns are an incontrovertible fact since Adam Smith hailed them as the very originators of wealth, yet they play havoc with general equilibrium. They fit, in marked contrast, nicely into the structural axiomatic framework. This indicates that it is worthwhile to replace the...
Persistent link: https://www.econbiz.de/10009278289
Nominal price and wage rigidity renders monetary policy effective over output. However, this effectiveness extends, under widely used overlapping-wage and Calvo-contract Phillips Curves, to planned monetary policy (‘exploitability’) and not merely to policy surprises. We argue that within...
Persistent link: https://www.econbiz.de/10005662276
The New Keynesian Phillips curve explains inflation dynamics as being driven by current and expected future real marginal costs. In competitive labour markets, the labour share can serve as a proxy for the latter. In this paper, we study the role of real marginal cost components implied by...
Persistent link: https://www.econbiz.de/10005792530
Economic theory tells that a command system allocates resources poorly because of the impossibility of economic calculation. Therefore, once prices are freed and start to operate at quasi-equilibrium (market-clearing) levels, the hidden inefficiencies come into the open and a massive resource...
Persistent link: https://www.econbiz.de/10005837452