find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …

We develop a growth model with endogenous technological progress in which the financial sector plays an explicit role …. Thereby we discuss the role of different financial regimes in the growth process. We contrast a bank-dominated financial … two regimes emerges. We show that history matters and that the emergence of the low-growth regime is feasible. Furthermore …

find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …