Labor Market and Current Account Equilibria in Greenland

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

Greenland’s population and employment have historically been stable, but its growth performance is not impressive. Greenland enjoys rather stable fishing exports, and it receives two-thirds of its import capacity as a grant from Denmark. Non-fishing labor contributes to either private consumption or government consumption. The first is import-intensive and the second is labor-intensive. Greenland’s imports cannot exceed the sum of the grant and net fishing exports. A large public sector guarantees stable employment. A larger private-government consumption ratio is hypothesized as a way to increase welfare, and a lower real wage is the means by which this can be achieved.
Original languageEnglish
JournalNationaløkonomisk tidsskrift
Volume156
Issue number1
Number of pages20
ISSN0028-0453
Publication statusPublished - 2018

Keywords

  • Greenland
  • Labor market
  • Current account
  • Denmark

Cite this

@article{1ccba51b70a74a52b0a63134c86519a0,
title = "Labor Market and Current Account Equilibria in Greenland",
abstract = "Greenland’s population and employment have historically been stable, but its growth performance is not impressive. Greenland enjoys rather stable fishing exports, and it receives two-thirds of its import capacity as a grant from Denmark. Non-fishing labor contributes to either private consumption or government consumption. The first is import-intensive and the second is labor-intensive. Greenland’s imports cannot exceed the sum of the grant and net fishing exports. A large public sector guarantees stable employment. A larger private-government consumption ratio is hypothesized as a way to increase welfare, and a lower real wage is the means by which this can be achieved.",
keywords = "Greenland, Labor market, Current account, Denmark, Greenland, Labor market, Current account, Denmark",
author = "Lars Lund",
year = "2018",
language = "English",
volume = "156",
journal = "National{\o}konomisk tidsskrift",
issn = "0028-0453",
publisher = "Nationaloekonomisk Forening",
number = "1",

}

Labor Market and Current Account Equilibria in Greenland. / Lund, Lars.

In: Nationaløkonomisk tidsskrift, Vol. 156, No. 1, 2018.

Research output: Contribution to journalJournal articleResearchpeer-review

TY - JOUR

T1 - Labor Market and Current Account Equilibria in Greenland

AU - Lund, Lars

PY - 2018

Y1 - 2018

N2 - Greenland’s population and employment have historically been stable, but its growth performance is not impressive. Greenland enjoys rather stable fishing exports, and it receives two-thirds of its import capacity as a grant from Denmark. Non-fishing labor contributes to either private consumption or government consumption. The first is import-intensive and the second is labor-intensive. Greenland’s imports cannot exceed the sum of the grant and net fishing exports. A large public sector guarantees stable employment. A larger private-government consumption ratio is hypothesized as a way to increase welfare, and a lower real wage is the means by which this can be achieved.

AB - Greenland’s population and employment have historically been stable, but its growth performance is not impressive. Greenland enjoys rather stable fishing exports, and it receives two-thirds of its import capacity as a grant from Denmark. Non-fishing labor contributes to either private consumption or government consumption. The first is import-intensive and the second is labor-intensive. Greenland’s imports cannot exceed the sum of the grant and net fishing exports. A large public sector guarantees stable employment. A larger private-government consumption ratio is hypothesized as a way to increase welfare, and a lower real wage is the means by which this can be achieved.

KW - Greenland

KW - Labor market

KW - Current account

KW - Denmark

KW - Greenland

KW - Labor market

KW - Current account

KW - Denmark

UR - https://sfx-45cbs.hosted.exlibrisgroup.com/45cbs?url_ver=Z39.88-2004&url_ctx_fmt=info:ofi/fmt:kev:mtx:ctx&ctx_enc=info:ofi/enc:UTF-8&ctx_ver=Z39.88-2004&rfr_id=info:sid/sfxit.com:azlist&sfx.ignore_date_threshold=1&rft.object_id=954925427235&rft.object_portfolio_id=&svc.holdings=yes&svc.fulltext=yes

M3 - Journal article

VL - 156

JO - Nationaløkonomisk tidsskrift

JF - Nationaløkonomisk tidsskrift

SN - 0028-0453

IS - 1

ER -