This paper develops a search and matching model of equilibrium unemployment, with on-the-job search, extended to both the informal sector and entrepreneurship. Three are the key features of this model: the entrepreneurial ability affects job productivity, all unemployed start their job search in...

The paper provides an overview of the key transformation mechanisms for the community of German economists during its internationalization and integration in the global economic community. It points out three main features of the German economics, which made this transformation possible, and...