Urban unemployment and non-immiserizing growth

Beladi, Hamid; Naqvi, Nadeem

doi:10.1016/0304-3878(88)90005-3

Cited by 61 publications

(36 citation statements)

References 12 publications

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“…The result confirms the result obtained by Beladi and Naqvi (1988) in the HT model with land in the agricultural sector. In the present case, the increase in (foreign) capital expands the output of the advanced sector and contracts that of the traditional sector.…”

Section: Proposition 3: the Increase In (Foreign) Capital Decreases Tsupporting

confidence: 90%

“…This is rather paradoxical and lowers the credibility of the model. Subsequently, Beladi and Naqvi (1988) restored the credibility by showing that labor growth causes the rate of unemployment to rise and capital accumulation causes it to fall if another specific factor (land) is introduced into the agricultural sector. The result of this study confirms Beladi and Naqvi's result on labor growth in the case where there exists another factor (skilled labor) in the advanced industry, that is, the manufacturing industry in the original HT model.…”

Section: Proposition 1: the Increase In Foreign Unskilled Labor Incrementioning

confidence: 99%

“…Thus, the problem of unemployment of the younger generation can be analyzed by adopting their approach. Various aspects of the Harris-Todaro (hereafter "HT") model have been discussed by several trade theorists such as Bhagwati and Srinivasan (1974), Corden and Findlay (1975), Khan (1980), Batra and Naqvi (1987), Beladi and Naqvi (1988), Hazari and Sgro (1991), Marjit (1991), Neary (1981), Gupta (1993), Yabuuchi (1993), Chao and Yu (1996) and Chaudhuri (2005).…”

Section: Introductionmentioning

confidence: 99%

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Someday My Prince Will Come: Unemployment, Income Transfer and International Factor Movement

Yabuuchi

2007

Asia-Pacific Journal of Accounting & Economics

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Unemployment has been observed in developed countries as well as developing countries. The unemployed in the developed countries can be characterized as being dependent because they have excessive expectations of their jobs and rely on others for a living. This type of unemployment has been increasing, particularly among the younger generation in industrialized countries, for example, Japan. On the other hand, there has been an extensive movement of labor among countries. Thus, this paper investigates the effects of international labor (as well as capital) movement on unemployment, particularly when there is income transfer to the unemployed workers.JEL Classification: F16, J61, R13

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Section: Proposition 3: the Increase In (Foreign) Capital Decreases Tsupporting

confidence: 90%

Section: Proposition 1: the Increase In Foreign Unskilled Labor Incrementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Someday My Prince Will Come: Unemployment, Income Transfer and International Factor Movement

Yabuuchi

2007

Asia-Pacific Journal of Accounting & Economics

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“…When the spread between these elasticities becomes smaller, AP suffers less from commodity shocks. 23 In contrast to 21 See, e.g., the studies by Bhagwati (1958Bhagwati ( , 1968, Brecher and Díaz Alejandro (1977), Khan (1982) and Beladi and Naqvi (1988).…”

Section: Model Without Financial Marketsmentioning

confidence: 99%

Commodities, Financialization, and Heterogeneous Agents

Branger¹,

Grüning

Schlag

2016

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in EconStor may www.econstor.euElectronic copy available at: http://ssrn.com/abstract=2759314Electronic copy available at: http://ssrn.com/abstract=2759314 Non-Technical SummarySince the seminal work of Keynes (1930) economists and researchers in finance have studied the theory and empirics of commodity futures markets and their fundamentals extensively. Over the past decade these markets have been the focus of an intense public debate and in academia. The reason is that commodity spot and futures prices, especially those for various food commodities as well as oil and gas, had increased to all-time highs. This pronounced price increase had occurred together with an equally sharp increase in long positions in these contracts held by financial speculators, which often trade in index products written on a basket of commodities. The volume of index-linked commodity investing went up dramatically from the beginning of 2006 until the end of 2007. At around the same time futures and spot prices had risen to all-time highs.Given this coincidence of large index-linked and financially motivated commodity positions on the one hand and increasing commodity prices on the other, the activities by financial speculators on commodity markets were perceived as harmful from a welfare perspective, especially in the context of food commodities. The poorer parts of the population, in particular in emerging countries, have to spend a large share of their income on these basic commodities. Consequently, it was suggested that futures markets should be regulated tightly via, for example, position limits.Nevertheless, despite the seemingly clear evidence presented above, the debate about a potential causality going from commodity investing to excessive price increases is still ongoing, with evidence both for and against the hypothesis. One reason for this difference of opinion is probably that the empirical analyses are still plagued by a number of problems. First, the financialization phenomenon in the sense of strongly increasing position sizes held by financial investors can only be observed from 2004 onwards, that is, over a relatively short sample. Second, the data do not usually exhibit the quality needed to study potential causal effects reliably. For example, it is often hard to distinguish financial speculators from other types of investors and to obtain their exact trading positions, since one can only obtain aggregate net positions.Overall, as t...

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“…Thus, the problem of unemployment of the younger generation in the economy with international factor movements can be analyzed by employing Harris and Todaro's approach. Various aspects of the Harris-Todaro (HT hereafter) model have been discussed by several trade theorists such as Bhagwati and Srinivasan (1974), Corden and Findlay (1975), Khan (1980), Batra and Naqvi (1987), Beladi and Naqvi (1988), Hazari and Sgro (1991), Marjit (1991), Neary (1991), Gupta (1993), Yabuuchi (1993), Chao and Yu (1996), Basu (2000), Chaudhuri (2003), and Marjit and Beladi (2003).…”

Section: Introductionmentioning

confidence: 99%

Immigration and Unemployment of Skilled and Unskilled Labor

Yabuuchi¹

2008

JEI

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This paper discusses the problem of unemployment in developed countries that faces international labor movement. There are two types of unemployment. The first traditional type of unemployment exists simply because the common wage rate is fixed and higher than the equilibrium level. The second one may exist when the wage rate in one sector is high and fixed, while that in the other is flexible. On the other hand, an extensive movement of labor among countries has been observed. Thus, this paper investigates the effects of immigration and other policies on the two types of unemployment.

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Urban unemployment and non-immiserizing growth

Cited by 61 publications

References 12 publications

Someday My Prince Will Come: Unemployment, Income Transfer and International Factor Movement

Someday My Prince Will Come: Unemployment, Income Transfer and International Factor Movement

Commodities, Financialization, and Heterogeneous Agents

Immigration and Unemployment of Skilled and Unskilled Labor

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