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The ShortRun Problems of the Macroeconomy
The LongRun Aspects of Adjustment and Labor
Educational Expansion and Change in the
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agriculture behavior Bhalla boom budget deficit cent Chinese co-efficients consumer price index current account decade decline differential distribution domestic downswing Dutch Disease earnings function economy educated in Malaysia eighties employed employees equations external factors female labor Figure formal sector Gan and Krause GDP growth growth rate higher human capital important income per capita increase Industry informal sector labor force LCE or equivalent log y(females log y(males lower secondary Malays Malaysian labor market males and females manufacturing sector Mazumdar occupational paddy farmers palm oil Peninsular Malaysia percent percentage period price of non-tradeables private tertiary sector problem product wage proportion rate of growth rate of unemployment ratio RDER real exchange rate real wages recession REER relative earnings Ringgit rubber rural schooling Selangor self-employed seventies share short-run significantly smallholders Source Statistics terms of trade total employment trend unemployed unemployment rate upswing urban variable World Bank