Rural-Urban Wage Differentials, Unemployment, and Efficiency Wages: An Open Economy Policy Analysis

1998 ◽  
Vol 65 (2) ◽  
pp. 294
Author(s):  
Judith C. Chin
Keyword(s):  
Policy Analysis ◽  
Open Economy ◽  
Wage Differentials ◽  
Efficiency Wages ◽  
Economy Policy

An Outlook for Cambodia's Garment Industry in the Post-Safeguard Policy Era

Asian Survey ◽  
2011 ◽  
Vol 51 (3) ◽  
pp. 559-580 ◽  
Author(s):  
Joosung J . Lee
Keyword(s):  
Open Economy ◽  
Garment Industry ◽  
Future Prospects ◽  
Foreign Investors ◽  
Future Growth ◽  
Economy Policy

This article examines the capabilities of Cambodia's garment industry in the post-safeguard policy era, and its future prospects. It first analyzes the industry's experience pre-2005, then discusses the role of foreign investors and the government's open-economy policy. The paper then looks at post-2005 industry problems and offers some recommendations for future growth.

Efficiency Wages and Labor Mobility in an Open Economy

1993 ◽  
Vol 93 (79) ◽  
pp. 1
Author(s):  
Julio Santaella ◽  
Pierre-Richard Agénor ◽  
◽  
Keyword(s):  
Open Economy ◽  
Labor Mobility ◽  
Efficiency Wages

scholarly journals SIGMA : A New Open Economy Model for Policy Analysis

2005 ◽  
Vol 2005 (835r) ◽  
pp. 1-53
Author(s):  
Christopher J. Erceg ◽  
◽  
Luca Guerrieri ◽  
Christopher J. Gust
Keyword(s):  
Policy Analysis ◽  
Open Economy ◽  
Economy Model

scholarly journals Efficiency Wages in Pakistan's Small Scale Manufacturing

1999 ◽  
Vol 4 (1) ◽  
pp. 1-23
Author(s):  
Abid A. Burki
Keyword(s):  
Wage Differentials ◽  
Wage Gap ◽  
Sample Selection ◽  
Manufacturing Firms ◽  
Efficiency Wages ◽  
Sample Selection Bias ◽  
Small Scale ◽  
Efficiency Wage ◽  
Market Clearing ◽  
Using Data

This paper investigates wage differentials between workers in subcontracting and non-subcontracting firms, using data from a recent survey of small manufacturing firms in Gujranwala, Pakistan. The paper finds that subcontracting workers receive a high wage premium and invokes efficiency wage arguments to explain this differential. The paper argues that due to a client/vendor monitoring problem it is optimal for subcontracting firms to pay higher than the market clearing wages. The use of Heckman's two stage procedure to test for sample selection bias fails to give such evidence. A decomposition of the wage differentials indicates that endowment differentials partly explain higher wages for subcontracting workers while the bulk of this wage gap is explained by differential returns to workers' attributes.

Monetary policy analysis and inflation targeting in a small open economy: a VAR approach*

2001 ◽  
Vol 16 (4) ◽  
pp. 487-520 ◽  
Author(s):  
Tor Jacobson ◽  
Per Jansson ◽  
Anders Vredin ◽  
Anders Warne
Keyword(s):  
Monetary Policy ◽  
Policy Analysis ◽  
Open Economy ◽  
Inflation Targeting ◽  
Small Open Economy

scholarly journals SIGMA: A New Open Economy Model for Policy Analysis

2005 ◽  
Author(s):  
Christopher J. Erceg ◽  
Luca Guerrieri ◽  
Christopher J. Gust
Keyword(s):  
Policy Analysis ◽  
Open Economy ◽  
Economy Model
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