Lubrano, Michel; Shadman-Mehta, Fatemeh; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 1993
This paper examines the determinants of equilibrium wage and unemployment rates in Belgium within the framework of a … this stage is then used to estimate a three-equation econometric model explaining the wage share, the unemployment rate and … the capital gap. The slowdown in world trade is depicted as the most important factor explaining the rise in unemployment …