Incorporating seasonality of labour markets in a general equilibrium framework

Arndt Feuerbacher and Harald Grethe

No 332823, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: Seasonality of labour markets is a common feature in many countries, especially in agrarian economies. However, due to data paucity, CGE models are usually solved on an annual basis and thus implicitly assume that there is total flexibility in allocating labour among periods within a year. This paper investigates the relevance of incorporating seasonality of labour markets in general equilibrium models. First, a 2012 social accounting matrix of Bhutan is updated to include seasonal labour accounts. Second, a comparative static CGE model is extended to allow for the depiction of seasonal labour. The methodological development is demonstrated by conducting a stylized scenario. An exogenous food price shock is simulated both using the model with and without incorporation of seasonality.The paper concludes by highlighting further possible approaches and areas on how seasonality can be represented in general equilibrium models.

Keywords: Labor; and; Human; Capital (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/332823/files/8531.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:332823

Access Statistics for this paper

More papers in Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).