among firms affects simultaneously growth and unemployment. On the one hand, an increase of the elasticity of substitution …

greater the productivity gap from the leader country, but differences in unemployment benefit systems can lead to relative … social welfare benefits generate high unemployment and reduce the amount of labour employed for R&D purposes. Furthermore, it …

Relative to the United States, most European countries have high rates of unemployment and low levels of productivity … between unemployment and growth. The steady state relative productivity level and the corresponding rates of unemployment … country raises the worldwide rate of unemployment, whereas downsizing of firms in the follower country enlarges the …

consequence of this distortion is the coming about of wait unemployment, i.e., unemployed queuing for high-paid jobs. Employment …