Raurich, Xavier; Sorolla, Valeri - Facultat d'Economia i Empresa, Universitat de Barcelona - 2012
The purpose of this paper is to introduce a noncompetitive labor market and unemployment into the growth models with exogenous saving rates found in economic growth textbooks (SalaiMartin, 2000; Barro and SalaiMartin, 2003; Romer, 2006). We first derive a general framework with a neoclassical production...