Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/117295
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dc.contributor.authorThangavelu, S.en
dc.date.issued2017en
dc.identifier.citationJournal of Economic Integration, 2017; 32(3):723-758en
dc.identifier.issn1225-651Xen
dc.identifier.issn1976-5525en
dc.identifier.urihttp://hdl.handle.net/2440/117295-
dc.description.abstractThis study analyses the effects of labour market integration on the domestic economy. We explore the effects of skilled and unskilled foreign labour on the sustainability of a small open economy with innovation and growth. Welfare implications such as Gross Domestic Product growth and wage inequality are explicitly modelled in a general equilibrium framework. The model is applied to a small open economy such as Singapore to derive key policy implications to balance economic growth with skilled workers and innovation activities in the economy. The study critically examines the foreign workers’ policy in the Singaporean economy in terms of allowing both skilled and unskilled workers into the domestic labour market. The results of the model indicate that balancing foreign skilled and unskilled labour, with the development of indigenous innovation capabilities, is crucial to maintain strong, sustainable growth in the domestic economy. The results of the model also indicate that a labour market policy that allows more skilled workers tends to increase the supply of labour and reduce the skilled wage gap in the economy.en
dc.description.statementofresponsibilityShandre Mugan Thangaveluen
dc.language.isoenen
dc.publisherCenter for Economic Integration, Sejong Universityen
dc.rights© 2017-Center for Economic Integration, Sejong Institution, Sejong University, All Rights Reserved.en
dc.subjectGrowth; immigration; innovationen
dc.titleLabour market integration with the world: case of Singaporeen
dc.typeJournal articleen
dc.identifier.rmid0030075327en
dc.identifier.doi10.11130/jei.2017.32.3.723en
dc.identifier.pubid369407-
pubs.library.collectionInstitute for International Trade publicationsen
pubs.library.teamDS14en
pubs.verification-statusVerifieden
pubs.publication-statusPublisheden
Appears in Collections:Institute for International Trade publications

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