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Short-term forecasting of wages, employment and output in Barbados

  • Daniel O. Boamah
Part of the International Studies In Economic Modelling book series (ISIM)

Abstract

The policy-maker’s understanding of the process of real output determination in an economy is greatly enhanced by an analysis of the labour force and of the determinants of wages and employment. In Barbados, much of the work on the labour force takes the form of one-period employment surveys. A noted example of this is the seminal work by Cumper (1959). There is a noticeable dearth of studies on what determines employment and wages in Barbados. The exception is the study by Downes and McClean (1982). However, in our opinion, their interesting theoretical discourse provides an insight into the effect of the bargaining process on money wage determination but still requires broader empirical support.

Keywords

Real Wage Real Output Domestic Expenditure Average Annual Growth Rate Unit Labour Cost 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Chapman and Hall Ltd 1988

Authors and Affiliations

  • Daniel O. Boamah

There are no affiliations available

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