Dynamic Analysis of a Disequilibrium Macroeconomic Model with Dual Labor Markets

We extend the general disequilibrium model of Malinvaud(1980) by using dual labor market theory. By considering two tiers of workers, we find that while the duality of the labor market expands an equilibrium regime in the short term, it does not always keep an equilibrium in the medium term. In the medium term, the business cycle converges toward a disequilibrium regime unless the goods market is potentially in equilibrium. Employment and wages at the steady state are affected by the size of the government, and the stability of wage bargaining is only a sufficient condition of the local stability of our dynamic system. Therefore, involuntary unemployment can be remedied only when goods demand is sufficiently large

GIS and spatial data analysis: Converging perspectives

We take as our starting point the state of geographic information systems (GIS) and spatial data analysis 50 years ago when regional science emerged as a new field of enquiry. In the late 1950s and 1960s advances in computing technology were making possible forms of automated cartography that in due course would lead to th

Multiple Causation and the Measurement of Unemployment

The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which classification is used as a way to deal with such a complex, multiple causal phenomenon like unemployment. The method is based on decomposing unemployment into classes of unemployment and the measurement of each of these classes by reference to stable, measurable macroeconomic relationships like the Phillips curve and the Beveridge curve. In this way economists were able to ‘diagnose’ unemployment and make policy recommendations for fighting unemployment without making explicit reference to the underlying singular causes of unemployment