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Ragui Assaad ()

Middle East Development Journal (MEDJ), 2011, vol. 03, issue 01, 1-10

Abstract: High unemployment rates in MENA appear to be structural in nature and result from the significant segmentation of the region's economies along formal-informal and public-private lines. It thus appears at first that Christopher's Pissarides' seminal contribution on the search theoretic underpinnings of unemployment are less relevant than a Harris-Todaro-type dual economy model. Nevertheless, I argue in this essay that Pissarides' search theoretic framework is becoming increasingly relevant as the role of public sectors in the labor market is gradually attenuated.

Keywords: MENA; youth unemployment; search theory; expectations (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1142/S1793812011000296

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