Endogeneity in Structural Unemployment Equations: The Case of Canada

Significance With steep reductions in public spending affecting education and social programmes, the budget signals an era of austerity in what had been Canada’s wealthiest province. One consequence is likely to be greater tension between the provincial government and the federal government in Ottawa. Impacts Major international funds will continue to divest from the oil sands sector, further depressing output as subsidies are cut. Remaining oil sands production will be increasingly automated, meaning that structural unemployment will persist. Ottawa’s refusal to contest US cancellation of the Keystone XL pipeline has raised tensions with the UCP government in Edmonton. The national broad-based economic recovery expected this year will largely bypass Alberta.

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British and American Approaches to Structural Unemployment

ILR Review ◽

10.1177/001979395801200101 ◽

1958 ◽

Vol 12 (1) ◽

pp. 3-19

Author(s):

William H. Miernyk

Keyword(s):

Structural Unemployment

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Skill shortages and structural unemployment in Britain: a (mis)matching approach

Mismatch and labour mobility ◽

10.1017/cbo9780511599316.014 ◽

2015 ◽

pp. 325-353 ◽

Cited By ~ 1

Author(s):

Charles R. Bean ◽

Christopher A. Pissarides

Keyword(s):

Structural Unemployment ◽

Skill Shortages

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Decision between Public Investment and Public Consumption: A Policy Analysis

Global Economics Review ◽

10.31703/ger.2020(v-i).11 ◽

2020 ◽

Vol V (I) ◽

pp. 131-152

Author(s):

Muhammad Raashid ◽

Abdul Saboor ◽

Aneela Afzal

Keyword(s):

Public Investment ◽

Policy Decision ◽

Dynamic Stochastic General Equilibrium ◽

Dsge Model ◽

Structural Unemployment ◽

Government Investment ◽

Long Run ◽

Public Consumption ◽

Dynamic Stochastic ◽

Best Fit

This study aims to draw a policy decision between public investment and public consumption by designing a Dynamic Stochastic General Equilibrium (DSGE) model for the economy of Pakistan which is experiencing persistent shocks that have stressed the growth pattern. The DSGE model has a microeconomic foundation and justifies locus critics by envisioning an artificial economy. The model is evaluated and set to best fit for data through an exercise of moment matching. Government consumption shocks and Government Investment shocks are used to trace out the behaviour of the economy. The analysis confirms that Pakistan economy could go for capital formation through public investment but it results in compromised public consumption and structural unemployment. It is further concluded that the export base and long-run public investment programs are needed to achieve sustainable development in the economy.

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