II. Economic Structure and Linkages in the GCC Countries
Author:
International Monetary Fund
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Language:
English
Print Publication Date:
11 Nov 1997
Keywords:
BOOK; GCC country; country; GCC; policy; labor market issue; national; reform measure; GCC policymaker; GCC national; Labor markets; Employment; Labor force; Stock markets; East Asia; Asia and Pacific; Middle East; South Asia; Global; government expenditure policy; expenditure rationalization policy; input price mix; oil GDP; policy variable; Oil prices

Abstract

Employment is largely influenced by the pace of economic activity and the labor-intensity and efficiency of production processes. The endowment and the price of labor relative to other inputs (capital, natural resources, and land) determine the optimum mix between labor and other inputs. Some inputs are internationally mobile (capital, natural resources, and labor); others are nontradable (land). As such, labor market issues in the GCC countries would need to be viewed in the context of factor endowments and relative prices, and in relation to evolving economic growth, structure and linkages. A number of features and developments stand out:

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Cover Financial Systems and Labor Markets in the Gulf Cooperation Council Countries
Financial Systems and Labor Markets in the Gulf Cooperation Council Countries
ISBN:
9781557757128
Publication Date:
11 Nov 1997
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9781557757128.071
Pages:
56