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Labour market effects of public capital stock: evidence for the Spanish private sector

Raurich, Xavier; Sala, Hector; Sorolla, Valeri - In: International Review of Applied Economics 23 (2009) 1, pp. 1-18

This paper provides a new rationale for the positive effect of public capital stock on employment and wages. We show … that higher levels of public capital reduce wages along the wage equation and enhance employment due to the resulting … employment, capital stock and gross domestic product, and (ii) that the wage channel is particularly important for employment. …

Persistent link: https://www.econbiz.de/10005482794

Unemployment in the EU: Institutions, Prices and Growth

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2004

This Paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labour market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10005124001