Whither Singapore's Unemployment Rate?
Whither Singapore's Unemployment Rate?
In the period 1990-1999, Singapore's average annual real GDP growth was 7.3% with a coefficient of variation, which is a measure of dispersion of growth around its mean, of 0.49. The average annual total unemployment rate during this period was 1.9%. In comparison, in the period 2000-2012, when the average annual real GDP growth was 5.6% with a coefficient of variation of 0.79, the average annual total unemployment rate was 2.8%. Looking into Singapore's next 50 years, if real GDP grows at 3% on average, what does it imply for the rate of unemployment? Will slower growth coincide with more variable growth? This essay explores these questions.
- Singapore Management University Singapore
Singapore, Unemployment, Asian Studies, Economics, Labor Economics, Growth and Development, economic growth, GDP, Economic Theory
Singapore, Unemployment, Asian Studies, Economics, Labor Economics, Growth and Development, economic growth, GDP, Economic Theory
selected citations These citations are derived from selected sources.This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).0 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Average influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Average
Citations provided by BIP!Popularity provided by BIP!