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Periodical article | Leiden University catalogue | WorldCat |
Title: | Regionalism and Labour Market Structure: A CGE Analysis of UEMOA (Western African Economic and Monetary Union) Customs |
Authors: | Decaluwé, Bernard Dissou, Yazid Robichaud, Véronique |
Year: | 2004 |
Periodical: | Journal of African Economies |
Volume: | 13 |
Issue: | 2 |
Period: | June |
Pages: | 302-332 |
Language: | English |
Geographic term: | West Africa |
Subjects: | employment Union Economique et Monétaire Ouest-Africaine Inter-African Relations Economics and Trade Labor and Employment |
External link: | https://jae.oxfordjournals.org/content/13/2/302.full.pdf |
Abstract: | The authors analyse the impact of the creation of a customs union among UEMOA (Western African Economic and Monetary Union) countries, with a special emphasis on the structure of the labour market. The implementation of the customs union reform translated, in most of these countries, into a greater openness, even with third party countries. This greater openness raises concerns in these countries as regards the potential impact on welfare, production and employment. In contrast to previous papers, the present authors relax the assumption of a perfect functioning of the labour market. They consider the presence of a dualism in the labour market and the downward rigidity of the wage of formal workers. Using a multi-country computable general equilibrium (CGE) model, which they calibrate on the data of the year 1996, they find that this rigidity could significantly reduce the gains of the customs union. The simulation results suggest that the costs of this rigidity may reach 45 percent, as a proportion of the welfare gain obtained without rigidity. App., bibliogr., notes, ref., sum. [Journal abstract] |