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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2004
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| Subjects: | |
| 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 |