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An Economic Analysis of Unemployment in Trinidad and Tobago

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  • Andrew S. Downes
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    Abstract

    Unemployment is regarded as one of the most challenging economic problems facing the governments of the Caribbean. Although there are variations in the measurement of unemployment, official estimates obtained from labor force surveys indicate that in 1995 the unemployment rate ranged from 7. 8 percent in Antigua/Barbuda to 19. 7 percent in Barbados. This paper explores unemployment in Trinidad and Tobago.

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    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=WP-381&pub_file_name=pubWP-381.pdf
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    Bibliographic Info

    Paper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 4134.

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    Date of creation: Aug 1998
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    Handle: RePEc:idb:wpaper:4134

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    1. Song, Frank M & Wu, Yangru, 1997. "Hysteresis in Unemployment: Evidence from 48 U.S. States," Economic Inquiry, Western Economic Association International, Western Economic Association International, vol. 35(2), pages 235-43, April.
    2. Auty, Richard & Gelb, Alan, 1986. "Oil windfalls in a small parliamentary democracy: Their impact on Trinidad and Tobago," World Development, Elsevier, vol. 14(9), pages 1161-1175, September.
    3. Banerjee, Anindya & Dolado, Juan J. & Galbraith, John W. & Hendry, David, 1993. "Co-integration, Error Correction, and the Econometric Analysis of Non-Stationary Data," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780198288107, October.
    4. Madsen, Jakob B, 1998. "General Equilibrium Macroeconomic Models of Unemployment: Can They Explain the Unemployment Path in the OECD?," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 108(448), pages 850-67, May.
    5. Junankar, Pramod N. (Raja) & Madsen, Jakob B., 2004. "Unemployment in the OECD: Models and Mysteries," IZA Discussion Papers 1168, Institute for the Study of Labor (IZA).
    6. Inder, Brett, 1993. "Estimating long-run relationships in economics : A comparison of different approaches," Journal of Econometrics, Elsevier, Elsevier, vol. 57(1-3), pages 53-68.
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