Bräuninger, Michael; Pannenberg, Markus - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2000
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a generalised Solow-type growth model, yields some answers. In the traditional Solow model, unemployment has no long-run influence on the growth rate and the level of productivity....