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Persistent link: https://www.econbiz.de/10000908799
derive from the temporary (albeit prolonged) negative shocks to capital stock growth in Denmark and Sweden, and the permanent … impact in Finland than in its twin economy, Sweden. …
Persistent link: https://www.econbiz.de/10010276460
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10010273099
The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
Persistent link: https://www.econbiz.de/10010276466