Labor Markets and Policy in the GCC: Micro Diagnostics and Macro Profiles
1st Edition Year: 1998
Edition: First edition
AED5.00 – AED10.00
Dr. Al-Qudsi presented a diagnosis of the structure of labor markets in the GCC states based on an elaborate investigation of the rich micro-data from Oman. A set Poisson and Dichotomous models were applied to a large sample drawn from Oman’s census of 1993. The treatment was microscopic, offering an opportunity to assess micro-forces underpinning macro-profiles and their policy drivers. Relying on lessons derived from the micro-analysis, he provides a critical assessment of the consistency of demographic and labor market policies in achieving the long-term mainstay of development to “nationalize” domestic labor markets. Also discussed are labor regulations that are emerging in the context of budget imbalances and requisite policy reforms, concluding that deployed policy measures largely ignore the fact that the budget is endogenous and hence budget deficit is determined within the system. The micro-framework of analysis utilized here provides valuable insights that can aid policy makers in designing consistent and effective policy measures.