The efficiency of the migration process as a market mechanism to equalize regional unemployment rate differentials in less developed countries has been the main aim of this thesis. First, we develop a dynamic model which allows us to describe the worker migration decision under different...

The Kuwaiti economy is characterized by two major structural imbalances-heavy dependence on oil production and dominance of the public ownership. Kuwait has struggled over the years to implement a two-pronged development strategy - diversifying the country's economic base away from the oil...