THE RELEVANCE OF CHRISTOPHER PISSARIDES' CONTRIBUTION TO MENA LABOR MARKETS
Ragui Assaad ()
Middle East Development Journal (MEDJ), 2011, vol. 03, issue 01, 1-10
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)
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