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Microeconomic Reform and Employment in the Short Run

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  • PHILIP D. ADAMS
  • BRIAN R. PARMENTER

Abstract

In the long run microeconomic reform will improve living standards by increasing the quantity of goods and services that the economy can produce with its limited productive resources. However, in the short run, reform might lead to a reduction in the usage of productive resources, especially labour, rather than to an increase in output. In this paper we examine the short‐run relationship between micro‐economic reform and employment in Australia using simulations with an applied general equilibrium model

Suggested Citation

  • Philip D. Adams & Brian R. Parmenter, 1994. "Microeconomic Reform and Employment in the Short Run," The Economic Record, The Economic Society of Australia, vol. 70(208), pages 1-11, March.
    • Handle: RePEc:bla:ecorec:v:70:y:1994:i:208:p:1-11
    DOI: 10.1111/j.1475-4932.1994.tb01819.x
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    Cited by:

    1. Kristinn Hermannsson & Patrizio Lecca, 2016. "Human Capital in Economic Development: From Labour Productivity to Macroeconomic Impact," Economic Papers, The Economic Society of Australia, vol. 35(1), pages 24-36, March.
    2. Giesecke, James A. & Madden, John R., 2013. "Regional Computable General Equilibrium Modeling," Handbook of Computable General Equilibrium Modeling, in: Peter B. Dixon & Dale Jorgenson (ed.), Handbook of Computable General Equilibrium Modeling, edition 1, volume 1, chapter 0, pages 379-475, Elsevier.

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