product and in labour markets, in the determination of sectoral employment growth in Italy during the last forty years (1951 … markets were quantitatively more important than changes in product markets in the determination of sectoral employment growth … remained constant after 1973, our simulations suggest that, on average, industrial and service employment would have been …

product demand can affect employment under these conditions. The analysis suggests that the longer-term effectiveness of …

employment are determined by optimizing choices in an imperfectly competitive setting. It turns out that underemployment …