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A Multi-Sectoral Model of the Supply Side Application to Egypt (*)

Published online by Cambridge University Press:  17 August 2016

Wafik M. Grais
Wafik M. Grais*
Affiliation:
Université du Québec à Montréal
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Extract

In the framework of a sequential equilibrium planning model, an explanation of labour demand allowing for discrepancies between implicit and actual wages is put forward. An extension of the input-output price system to take account of decreasing returns to scale is considered by introducing surpluses. The model is applied to Egypt on the period 1970-1989.

Labour demand is sometimes derived in planning models (1) under the assumption of profit maximization leading to the equalization of marginal productivity, valued at net prices, and, nominal wage. Furthermore wages are assumed equal over sectors. A different approach is taken here.

Type
Research Article
Information
Recherches Économiques de Louvain/ Louvain Economic Review , Volume 46 , Issue 2 , June 1980 , pp. 139 - 163
Copyright
Copyright © Université catholique de Louvain, Institut de recherches économiques et sociales 1980 

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Footnotes

(*)

I am particularly grateful to G. Beausoleil for his help and encouragement. I would like to thank G. Antille, K. Dervis, A. Lagana and J. Henry for fruitful discussions. I have also benefited of helpful comments from an anonymous referee. I was helped in the programming work by R. Hudon, C. Leroux and M. Payette.

References

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