TY - JOUR
T1 - Unemployment in Developing Countries
T2 - EconoMist's Models in Light of Evidence From Sri Lanka
AU - Glewwe, Paul
N1 - Copyright:
Copyright 2018 Elsevier B.V., All rights reserved.
PY - 1987/12/1
Y1 - 1987/12/1
N2 - Observation of open unemployment in developing countries has lead some economist to formulate models which seek to explain this phenomenon. This paper examines unemployment in Sri Lanka in detail to see whether the assumptions and conclusions of economists’ models are consistent with empirical data. In the case of Sri Lanka, these models provide a useful starting point but miss some of the essential details. Unti1 one examines how the unemployed support themselves and how they spend their time, one’s understanding of this phenomenon, as well as one’s suggestions for policy changes, is necessarily incomplete.
AB - Observation of open unemployment in developing countries has lead some economist to formulate models which seek to explain this phenomenon. This paper examines unemployment in Sri Lanka in detail to see whether the assumptions and conclusions of economists’ models are consistent with empirical data. In the case of Sri Lanka, these models provide a useful starting point but miss some of the essential details. Unti1 one examines how the unemployed support themselves and how they spend their time, one’s understanding of this phenomenon, as well as one’s suggestions for policy changes, is necessarily incomplete.
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U2 - 10.1080/10168738700080024
DO - 10.1080/10168738700080024
M3 - Article
AN - SCOPUS:0041631559
SN - 1016-8737
VL - 1
SP - 1
EP - 17
JO - International Economic Journal
JF - International Economic Journal
IS - 4
ER -
