The Coexistence of High Unemployment and Good Economic Performance in Large Open Developing Countries

研究成果: 雜誌貢獻期刊論文同行評審

1 引文 斯高帕斯(Scopus)

摘要

The Harris-Todaro labor reallocation mechanism is embedded into a North-South trade model and a theoretical model is provided to explain the coexistence of high unemployment and good economic performance as large developing countries become more open to trade. The relative improvement in the total factor productivity of the Southern manufacturing sector is conjectured to give rise to this phenomenon. Although it induces an increase in the demand for labor in the Southern urban areas, this increase in demand is outweighed by an increase in supply brought by the reallocation of labor from rural to urban areas. The final result is higher unemployment. The model is supported by some empirical evidence.

原文???core.languages.en_GB???
頁(從 - 到)767-780
頁數14
期刊Review of International Economics
20
發行號4
DOIs
出版狀態已出版 - 9月 2012

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