In recent years, unemployment rates in some ECCU countries have been among the highest globally. This paper evaluates … significantly associated with high structural unemployment, while the global crisis added a cyclical component. Our analysis also … unemployment is related to the phase out of EU preferences on bananas/sugar exports or to a skills mismatch. As expected …

of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an … rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to …