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

The past three and a half decades witnessed a distinctly declining trend in Singapore's unemployment rate, which dropped from an average annual rate of 7.85 percent in 1966-70 to 2.74 percent in 1991-2000. The authors seek to identify and empi...

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Bibliographic Details
Main Authors:	Looi Kee, Hiau, Teck Hoon, Hian
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, D.C. 2013
Subjects:	AVERAGE ANNUAL GROWTH BASE YEAR CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL GOODS CAPITAL INPUT CAPITAL INVESTMENT CAPITAL STOCK CAPITAL-LABOR CAPITAL-LABOR RATIO CONSTANT RETURNS CONSTANT RETURNS TO SCALE DEFLATORS DEMAND CURVE DEMAND CURVES DEMAND ELASTICITY DISINFLATION ECONOMICS RESEARCH ECONOMISTS ELASTICITY EMPLOYMENT MODELS ENDOGENOUS VARIABLES EQUILIBRIUM EQUILIBRIUM MODELS EQUILIBRIUM RETURN EXOGENOUS VARIABLES EXPORTS FACTOR RETURNS FACTOR REWARDS FACTORS OF PRODUCTION FIRST YEAR FOREIGN DIRECT INVESTMENT FULL EMPLOYMENT FUTURE RESEARCH GDP GDP DEFLATOR GROSS INVESTMENT GROWTH RATE GROWTH RATES HOUSING INCOME INCREASE IN CAPITAL INFLATION INFLATION RATE INFLATION RATES INSURANCE INTERMEDIATE INPUTS INTERNATIONAL TRADE INVENTORY LABOR DEMAND LABOR FORCE LABOR MARKET LABOR MOBILITY LABOR STATISTICS LABOR SUPPLY LABOR UNIONS LIQUIDITY MARGINAL PRODUCT MARGINAL PRODUCTIVITY MARKET OUTCOMES MINIMUM WAGE NATURAL RATE HYPOTHESIS NATURAL RATE OF UNEMPLOYMENT NEOCLASSICAL ASSUMPTIONS OPTIMIZATION PENSIONS PERFECT COMPETITION PHILLIPS CURVE PRICE ELASTICITY PRODUCTION FUNCTION PRODUCTIVITY GROWTH PUBLIC HOUSING RANDOM WALK REAL INCOME REAL WAGE RETIREMENT SAVINGS STRUCTURAL UNEMPLOYMENT SUBSIDIARIES SUPPLY CURVE TOTAL CAPITAL STOCK TOTAL LABOR FORCE TRADE UNIONS TRANSPORT UNEMPLOYED UNEMPLOYED WORKER UNEMPLOYMENT UNEMPLOYMENT BENEFITS UNEMPLOYMENT COMPENSATION UNEMPLOYMENT RATE UPWARD SHIFT UTILITY FUNCTION WAGES WEALTH TRADE INFLATION & UNEMPLOYMENT EXPORT PRICES TRADING SYSTEMS CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/2004/04/4132786/trade-capital-accumulation-structural-unemployment-empirical-study-singapore-economy http://hdl.handle.net/10986/14110

Internet

http://documents.worldbank.org/curated/en/2004/04/4132786/trade-capital-accumulation-structural-unemployment-empirical-study-singapore-economy
http://hdl.handle.net/10986/14110