This paper analyzes the consequences of pursuing a less activist Government employment stabilization policy strategy in Egypt. On the basis of a fairly stylized model we find that a reduction of the Government’s involvement in the economy along with an introduction of mild but binding firing...

This paper analyzes the consequences of pursuing a less activist Government <p> employment stabilization policy strategy in Egypt. On the basis of a fairly stylized model we <p> find that a reduction of the Government’s involvement in the economy along with an <p> introduction of mild but binding...</p></p></p>