Predicting Impact of Labour Market Policies: Data Driven Computational Models for Prediction and Simulation of Path Dependencies in Complex Dynamic Labour Market Systems
Doctor, Faiyaz, Iqbal, Rahat and Randeree, Kasim (2016) Predicting Impact of Labour Market Policies: Data Driven Computational Models for Prediction and Simulation of Path Dependencies in Complex Dynamic Labour Market Systems. [Report]
Abstract
Historically, Saudi Arabia has had a high reliance on foreign labor predominantly engaged in the private sector leading to an imbalance between national and expatriate workers (1.2 million Saudi workers vs. 8.6 million expatriate workers in 2016) affecting economic diversification and growth. Path dependence and multiple equilibriums are especially relevant to the problem of low private sector participation among Saudi nationals. Their effects are difficult to predict due to their complex spatial-temporal (cause-effect) trajectories in dynamic market systems. This research will provide data-driven insight into the composition and nature of the Saudi labor market through capture and analysis of multiple data sources. The data will help to develop novel nature inspired computational intelligence models for understanding and predicting the cause-effect relationships in complex market systems and create new intervention measures that can be evaluated against measurable objectives in simulated market scenarios to estimate market responses to policy interventions.
Actions (login required)
 |
Edit Item |