Sinko, Pekka; Holm, Pasi; Tossavainen, Pekka - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 1999
In this study a numerical search equilibrium model of labour markets is applied to the Finnish data in order to analyse the factors behind the record high unemployment of the early 90?s. Job creation and job destruction are endogenously determined from the dynamic optimising behaviour of firms...