Unemployment and Primary Commodity Prices : Theory and Evidence in a Global Perspective
1st ed. 1999
Book Details
Format
Paperback / Softback
ISBN-10
1349149748
ISBN-13
9781349149742
Edition
1st ed. 1999
Publisher
Palgrave Macmillan
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jan 1st, 1999
Print length
182 Pages
Product Classification:
MacroeconomicsLabour / income economicsLabour economicsFinanceFinance and the finance industry
Ksh 8,100.00
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The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy.
The book discusses the links between primary commodity prices and the OECD rate of unemployment. In particular it formalises and estimates a macroeconomic model which by endogenizing both the OECD rate of unemployment and primary commodity prices, is capable of accounting for the feedback running from the primary market back to the OECD economy. Simulations are also performed to provide insights into the propagation mechanism of an oil price shock and the role played by the various factors to determine the final effect.
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