Trade, Capital Accumulation and Structural Unemployment: An Empirical Study of the Singapore Economy

Trade, Capital Accumulation and Structural Unemployment: An Empirical Study of the Singapore Economy

This paper studies the factors responsible for the secular decline of Singapore’s unemployment rate over the period 1966-2000 in an environment of low and stable inflation rates. We introduce wage bargaining and unions into a specific-factors, two-sector economy with an export sector and a non-trada...

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Bibliographic Details
Main Authors: KEE, Hiau Looi, HOON, Hian Teck
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Endogenous natural rate of unemployment
Wage bargaining
Specific-factors model
Stolper-Samuelson effect
Rybczynski effect
Asian Studies
International Economics
Labor Economics
Online Access:https://ink.library.smu.edu.sg/soe_research/1196
https://ink.library.smu.edu.sg/context/soe_research/article/2195/viewcontent/KeeHoon_jde.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soe_research/1196
https://ink.library.smu.edu.sg/context/soe_research/article/2195/viewcontent/KeeHoon_jde.pdf

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