Protection and employment: a macroeconomic approach
More info.
Power, John H. (1972) Protection and employment: a macroeconomic approach. Discussion Paper 151, Nairobi: Institute for Development Studies, University of Nairobihttp://opendocs.ids.ac.uk/opendocs/handle/123456789/508
318655
Publisher
Institute for Development Studies, University of Nairobi
Description
A Macroeconomic growth model is set forth to distinguish among
Keynesian, Marxian and balance of payments constrained unemployment,
as well as to clarify the roles of productivity growth, factor substitution
and structural disequilibrium in affecting the growth of employment.
The model is then used to assess the effects on employment of the
typical kind of protection system found in less developed countries.
Protection of this sort is found to be inimical to the growth of employment
because of adverse influences on productivity, factor proportions,
saving and the balance of payments.
Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/Institute for Development Studies, University of Nairobi