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Unemployment in the OECD and Its Remedies

  • Conference paper
Fighting Europe’s Unemployment in the 1990s

Abstract

There is evidence today of dramatic changes in the labor market as a result of competition between low-wage “emerging-market” economies and the rich OECD countries. In previous work I and others (for example, Bean, Layard, and Nickell, 1986; Davis and Minford, 1986; Layard and Nickell, 1985; Minford, 1983; and see Layard, Nickell, and Jackman, 1991, for other relevant work) have explored how far one can account for changing unemployment in the OECD through general equilibrium models of the open economy. These models have used conventional “elasticities” equations for the current account, assuming that the prevailing competition facing OECD countries was imperfect competition in manufactures from other OECD countries.

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Authors
  1. Patrick Minford
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Editor information

Editors and Affiliations

  1. Kiel Institute of World Economics, P.O Box 4309, D-24100, Kiel, Germany

    Herbert Giersch (Past President) (Past President)

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© 1996 Springer-Verlag Berlin · Heidelberg

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Minford, P. (1996). Unemployment in the OECD and Its Remedies. In: Giersch, H. (eds) Fighting Europe’s Unemployment in the 1990s. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-61134-6_3

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  • DOI: https://doi.org/10.1007/978-3-642-61134-6_3

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-642-64710-9

  • Online ISBN: 978-3-642-61134-6

  • eBook Packages: Springer Book Archive

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