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restrictions affects the outcome of the matching process and the natural rate of unemployment in Tunisia. The paper concludes that … the removal of firing restrictions is likely to produce a favorable but limited impact on unemployment in Tunisia. …
Persistent link: https://www.econbiz.de/10005264000
We build a small open economy, real business cycle model with labor market frictions to evaluate the role of employment protection in shaping business cycles in emerging economies. The model features matching frictions and an endogenous selection effect by which inefficient jobs are destroyed in...
Persistent link: https://www.econbiz.de/10009401199
EPL discourages both. The overall impact on equilibrium unemployment is thus ambiguous, depending on the characteristics … destruction effect is stronger, thus raising the unemployment rate. …
Persistent link: https://www.econbiz.de/10005825839
Despite strong economic growth, a "U"-curve unemployment phenomenon in Mauritius can be observed. Unemployment plunged … growth of higher-skilled sectors coupled with rigidities in the labor market seem to account for the observed unemployment …
Persistent link: https://www.econbiz.de/10005826105
particular demographic groups. These developments can largely be accounted for by worse matching of people to jobs in the high-unemployment …
Persistent link: https://www.econbiz.de/10005826565
Unemployment pressures among nationals are emerging in the Cooperation Council for the Arab States of the Gulf (GCC). 2 … unemployment pressures while striking a balance between maintaining a liberal foreign labor policy and a reasonable level of …
Persistent link: https://www.econbiz.de/10005599572
by reducing real wages below levels allowed by technological growth, changes in the unemployment rate, and institutional …
Persistent link: https://www.econbiz.de/10005604960
financial crisis. Economic growth in Sweden has been moderate since global financial crisis of 2008–2009. The IMF report … posits that with potential growth moderately weaker and the natural rate of unemployment to remain elevated, policies should … of Swedish international banking groups are expected to benefit borrowers not only in Sweden but across the region. …
Persistent link: https://www.econbiz.de/10011245387
. Employment has been rising, but the labor force expanded even more, resulting in higher unemployment mostly among vulnerable …
Persistent link: https://www.econbiz.de/10011242460
Italy’s deep-rooted structural problems resulted in an unsatisfactory productivity performance and a dismal growth over the last 15 years. The global financial crisis has exacerbated these long-standing weaknesses, taking a heavy toll on Italy’s economy. With output back to its...
Persistent link: https://www.econbiz.de/10008727814