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DC Field | Value | Language |
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dc.contributor.author | Briguglio, Lino | - |
dc.date.accessioned | 2018-10-15T07:53:50Z | - |
dc.date.available | 2018-10-15T07:53:50Z | - |
dc.date.issued | 1988 | - |
dc.identifier.citation | Briguglio, L. (1988). Disequilibrium labour market models : a democratic approach. Economic and Social Studies (New Series), 4, 51-69. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar//handle/123456789/34673 | - |
dc.description.abstract | In this paper, a simple disequilibrium aggregate labour market model will be proposed. As in the case of most market models, more than one relationship is involved, since in a market, at least three variables, namely demand, supply and own price, may be assumed to be simultaneously determined. The presentation is intended for readers with little or no knowledge of econometrics, and for this reason, a diagrammatic approach is used. Mathematical formulations are kept to the barest minimum in the main text. In a diagrammatic representation of a model, a given relationship is usually restricted to include two variables, generally with the dependent variable on the vertical axis and one explanatory variable on the horizontal axis. Such an exposition implicitly assumes that other explanatory variables involved in the relationship remain constant. Thus, for example, the traditional price/demand diagram, assumes amongst other things, that the income of the buyers, the price of substitutes and consumer tastes remain constant. This ceteris paribus assumption may be relaxed by allowing for outward or inward shifts of the schedule. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | University of Malta. Faculty of Economics, Management and Accountancy | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Labor market -- Econometric models | en_GB |
dc.subject | Least squares | en_GB |
dc.subject | Equilibrium (Economics) | en_GB |
dc.subject | Phillips curve | en_GB |
dc.title | Disequilibrium labour market models : a democratic approach | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.publication.title | Economic and Social Studies (New Series) | en_GB |
Appears in Collections: | Economic and Social Studies (New Series), Volume 4, 1988 Economic and Social Studies (New Series), Volume 4, 1988 Scholarly Works - InsSSI |
Files in This Item:
File | Description | Size | Format | |
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ESS_(New series),_4_-_A3.pdf | 817.39 kB | Adobe PDF | View/Open |
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