Trade Liberalization and Employment in Developing Economies of the Americas
Using an applied general equilibrium model we explore the potential effect of comprehensive trade liberalization in a selection of Latin American developing economies. Over the last decade many of these economies have suffered from high levels of unemployment, and the consequences of reform on unemployment and of unemployment on the effects of reform are critical. We take the approach of utilizing alternative labor market closures, bounding the static effect of trade reform between the neoclassical, which abstracts from unemployment issues, and a surplus labor/unemployment closure.
Volume (Year): (2003)
Issue (Month): 94-95 ()
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