Liberalisation and Jobless Growth in Developing Economy

• 영문명: Liberalisation and Jobless Growth in Developing Economy
• 발행기관: 세종대학교 경제통합연구소
• 저자명: Soumyatanu Mukherjee
• 간행물 정보: 『Journal of Economic Integration』제29권 제3호, 450~469쪽, 전체 20쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2014.09.30

영문 초록

This paper explains why a developing country may experience a jobless growth in the organised sectors during liberalised regime within the framework of a three-sector mobile capital version of Harris-Todaro type general equilibrium model describing rural-urban migration with agricultural dualism and a non-traded intermediate input. Main findings support the fact that as a consequence of different trade reform policies, organised sectors have experienced increased competition from foreign markets which has forced them to lax labour laws, with the freedom to switch towards more capitalintensive techniques of production, resulting retrenchment of relatively less productive workers and ending up with a jobless growth under the liberalised regime. These results are particularly interesting for their contradiction to the predictions of the standard Harris-Todaro model.

목차

Ⅰ. Introduction

Ⅱ. The Model

Ⅲ. Policy Implications

키워드

Trade Liberalisation Labour Market Reform Agricultural Dualism Jobless Growth Non-traded Intermediate Input Urban Unemployment