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Demand-Supply Interactions and Unemployment Dynamics: Can there be Path Dependency ? The Case of Belgium, 1955-1994

Shadman-Mehta, Fatemeh; Sneessens, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 1998

capacity shortages cannot be the direct and single cause of unemployment persistence. Inferring from this observation that low … investment rates play no role in explaining the persistence of high unemployment rates may however fail to take into account the … analyse the determinants of equilibrium unemployment (the NAIRU), provided one takes explicitly into account the effect of a …

Persistent link: https://www.econbiz.de/10004984947

Does Modern Econometrics replicate the Phillips Curve?

Shadman-Mehta, Fatemeh - Institut de Recherche Économique et Sociale (IRES), … - 1996

This paper reexamines the existence of a long-run relationship between wages and unemployment in the U.K., with data … and the unemployment rate. However, the main impact of deviations from this long-run equilibrium is on the unemployment …

Persistent link: https://www.econbiz.de/10004984987

Skill Demand and Factor Substitution

Shadman-Mehta, Fatemeh; Sneessens, Henri - C.E.P.R. Discussion Papers - 1995

The aim of this paper is to empirically evaluate the relative importance of the various factors likely to have influenced the demand for skilled and unskilled labour in France, over the period 1962-89. Our approach is macroeconomic, and we essentially deal with technology choice, that is factor...

Persistent link: https://www.econbiz.de/10005067668

Real Wages, Quantity Constraints and Equilibrium Unemployment : Belgium 1955-1988

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 …

Persistent link: https://www.econbiz.de/10004985209