Relative to the United States, most European countries have high rates of unemployment and low levels of productivity … between unemployment and growth. The steady state relative productivity level and the corresponding rates of unemployment … country raises the worldwide rate of unemployment, whereas downsizing of firms in the follower country enlarges the …

greater the productivity gap from the leader country, but differences in unemployment benefit systems can lead to relative … social welfare benefits generate high unemployment and reduce the amount of labour employed for R&D purposes. Furthermore, it …

among firms affects simultaneously growth and unemployment. On the one hand, an increase of the elasticity of substitution …

theories thus aid in explaining, why \involuntary" unemployment can persist. According to one popular version by Shapiro and … Stiglitz (1984), it is precisely the threat of unemployment which induces workers to provide effort. The purpose of this paper …

This paper explores the effects of an environmental tax reform on pollution, economic growth and welfare in an … endogenous growth model with pre-existing tax distortions. We find that a shift in the tax mix away from output towards pollution … determines the positive effect of lower aggregate pollution on the productivity of capital. The second channel is a shift in the …

assimilates pollution and how pollution affects life on earth. In this paper, an assimilation function is specified that is …