Pehkonen, Jaakko; Sala, Hector; Salvador, Pablo F. - In: Journal of Economic Studies 38 (2011) January, pp. 52-65
Purpose – This paper aims to provide an account of the unemployment performance of two Nordic countries during their … conduct dynamic simulation exercises and explore the determinants of unemployment. Findings – The analysis yields two main … findings. First, the capital stock was the most important determinant of the unemployment trajectory in both countries. This …
