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Department of Economics, Copenhagen Business School Working Paper Series, Department of Economics, Copenhagen Business School

No 02-2000:
KONJUNKTURANALYSE FOR BORNHOLM, 1987 TIL 1996. KAPITEL 3 ARBEJDSMARKEDET PÅ BORNHOLM 1987 TIL 1996.

Lars Lund

Abstract: Using the seminal work of Blanchard and Katz on regional development as a frame a

small number of macro economic key figures are looked upon for Bornholm, the Capital Area and

the country. The model used is presented and even though the analysed time period is short, a

comparison is made with the hypotheses or predictions of the model regarding employment, rate of

unemployment and wages or wage incomes. Participation rates and migrations are also touched

upon. An expectation that a negative chock to employment on Bornholm in 1988 permanently

reduced the level of employment has not been confirmed; rather it seems that negative trends are

found for Bornholm and for Københavns Amt. The data do not show a return to equilibrium values

of relative wages and rates of unemployment after a business cycle.

Keywords: macro economic; regional development; Bornholm; Denmark; employment; unemployment; (follow links to similar papers)

JEL-Codes: E10; E20; E24; (follow links to similar papers)

31 pages, May 17, 2001

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