IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0041.html
   My bibliography  Save this article

International and Interregional Differences in Employment and Unemployment Rates

Author

Listed:
  • Aquino, Antonio

    () (Università della Calabria, Dipartimento di Economia e Statistica)

Abstract

In the mid nineties of last century unemployment was perceived in several countries as one of the most disruptive social problems. Several economists, sociologists and policymakers proposed of reducing by law working hours as the only effective strategy for diminishing unemployment. In the last decade employment has increased significantly in almost all countries and average rates of unemployment have diminished. Inside a few large countries there are however some regions where rates of employment are still very low and unemployment remains a disruptive social problem. In the analytical framework of international economics this result appears quite disappointing, since relatively less efficient regions which belong to relatively rich nations can usually benefit from substantial transfers from relatively more productive regions, and have hence the possibility of stimulating employment through more expansionary fiscal policies. This paradoxical result stems from the fact that the comparative advantage of regions as far as fiscal policy is concerned is more than outweighed by their comparative disadvantage from the point of view of the possibility of compensating their lower productivity by means of a lower price for labour.

Suggested Citation

  • Aquino, Antonio, 2008. "International and Interregional Differences in Employment and Unemployment Rates," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 61(1), pages 1-24.
  • Handle: RePEc:ris:ecoint:0041
    as

    Download full text from publisher

    File URL: http://www.iei1946.it/RePEc/ccg/AQUINO%201_24.pdf
    File Function: Full text
    Download Restriction: no

    More about this item

    Keywords

    International Competitive Equilibrium; Labour Markets; Employment and Unemployment;

    JEL classification:

    • F16 - International Economics - - Trade - - - Trade and Labor Market Interactions
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0041. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Angela Procopio). General contact details of provider: http://edirc.repec.org/data/cacogit.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.