Groenewold, Nicolaas; Tang, Sam Hak Kan - In: Pacific Economic Review 9 (2004) 1, pp. 45-64
We use a structural vector autoregressive model to estimate the natural rate of unemployment for Hong Kong, Korea, Singapore and Taiwan for the period 1982-2000. Our results show that the dramatic rise in the unemployment rate observed in Hong Kong and Korea was mainly the result of demand...
