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foreign capital in the urban formal sector on unemployment and social welfare crucially hinge on the relative factor …’s twin objectives of improvement in social welfare and mitigation of the urban unemployment problem. These results are … extremely crucial from the view of policymaking in an unemployment plagued, low-income developing economy. …
Persistent link: https://www.econbiz.de/10011259840
This paper develops a very simple model to explain the phenomenon of persistent unemployment even in an economy … experiencing high output growth. Unemployment will also grow at a rate identical with other factors and sectors. The result is … growth in different sectors to mitigate or reduce unemployment history becomes crucial. …
Persistent link: https://www.econbiz.de/10011111440
natural gas supply result in small-to-moderate economic gains, even with unemployment or under-utilized capital. Subsequent …
Persistent link: https://www.econbiz.de/10011112172
economy using a three-sector general equilibrium model with simultaneous existence off unemployment of both skilled and … mitigates unemployment problem of both types of labour. The paper theoretically justifies the desirability of flow of FDI in …
Persistent link: https://www.econbiz.de/10008550549
employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. … und Lohn-bedingten Arbeitslosigkeit in Frage stellen. Es deutet vielmehr einiges darauf hin, dass die hohe …
Persistent link: https://www.econbiz.de/10005518253
The question this paper poses relates to the role of economic theories in gaining wider support around political agendas. That is their ability to describe a problem in such a way, so that the “answer” would appear not as a political demand in favor of one class, but as a prerequisite for...
Persistent link: https://www.econbiz.de/10011258546
It is a widely held perception, although empirically contentious, that credit rationing is an important phenomenon in the UK small business sector. In response to this perception the UK government initiated a loan guarantee scheme (SFLGS) in 1981. In this paper we use a unique dataset comprised...
Persistent link: https://www.econbiz.de/10005835669
This paper analyzes how risk premia—and other factors affecting the comparative advantages of security-funded versus deposit-funded short-run debt—altered the relative use of debt funded by securities markets since the early-1960s and the relative use of commercial paper during the recent...
Persistent link: https://www.econbiz.de/10008855253
This paper highlights the importance of the information efficiency in the banking sector as a way to ensure his correct operation as financial intermediary and the correct functioning of the economy in general. The problems of information in the banks distort their relation with the financing...
Persistent link: https://www.econbiz.de/10008927062
I explore the effect of skill-biased technological change on long-run inequality by building a model where the supply of skilled and unskilled workers, the cost of education, and credit rationing are endogenous. In the model, the existence of unequal steady states does not depend on the degree...
Persistent link: https://www.econbiz.de/10008645084