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|z 9781451956719
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|a 1018-5941
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|a Braumann, Benedikt.
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|a Unemployment Persistence and Capital Shortage :
|b The Case of Trinidad and Tobago /
|c Benedikt Braumann.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1997.
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|a 1 online resource (26 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This paper examines the link between capital stock and unemployment persistence. An overlapping-generations model with endogenous labor supply and imperfect competition is presented. It is used to interpret the unusual persistence of unemployment in Trinidad and Tobago during the last twenty years. Although real wages are 60 percent lower today than in the mid-1980s, unemployment continues to be very high. The paper argues that an important part of the explanation lies in the decline of capital stock in this country after years of very low savings and investment. Policies to address this capital shortage are discussed.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 1997/077
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/1997/077/001.1997.issue-077-en.xml
|z IMF e-Library
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