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Quality of Labor Markets in a Developing Country
Author(s) -
Dei Fumio
Publication year - 2011
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/j.1467-9396.2011.00970.x
Subject(s) - economics , voting , quality (philosophy) , developing country , labour economics , international economics , economic growth , philosophy , epistemology , politics , political science , law
This study is an application of Yano's market quality economics to trade. It considers the quality of labor markets in a developing country and sheds light on an important role of the voting mechanism in the process of which the quality of labor markets is endogenously determined. Assuming the majority vote, it is demonstrated that if the timing of voting is wrong, a developing country misses high‐quality labor markets although trade provides an opportunity for it to reach such markets.