Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …

-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …

This paper examines the causality relationship between immigration, unemployment and economic growth of the host …-2005 for 22 OECD countries, we find that, only in Portugal, unemployment negatively causes immigration, while in any country …, immigration does not cause unemployment. We also find that, in France, Iceland, Norway and United Kingdom, growth positively …

parental earnings rank, a predetermined measure of earnings capacity that solves the simultaneity problem of matching affecting …

This paper provides a unified theory of the economic and demographic transition. Individuals make optimal decisions …