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This paper examines to what extent recent empirical evidence can collectively and systematically substantiate the claim that entrepreneurship has important economic value. Hence, a systematic review is provided that answers the question: What is the contribution of entrepreneurs to the economy...
Persistent link: https://www.econbiz.de/10010276297
This study examines the relationship between growth and employment in Nigeria to gain insights into the country's paradox of high economic growth alongside rising poverty and inequality. The methodology adopted is the Shapley decomposition approach, complemented with econometric estimation of...
Persistent link: https://www.econbiz.de/10011440686
institutions; on the basis of which, and recent theoretical developments, specific support is adduced for the German, contemporary …
Persistent link: https://www.econbiz.de/10011420762
We investigate the relationship between unemployment and growth in China. We find considerable differences in the … find a hump-shaped relationship between unemployment and our proxy for the speed of reform. The current unemployment in …
Persistent link: https://www.econbiz.de/10010323010
The standard search model of unemployment predicts, under realistic assumptions about household preferences, that … disembodied technological progress leads to higher steady-state unemployment. This prediction is at odds with the 1970s experience … of slow productivity growth and high unemployment in industrial countries. We show that introducing nominal price …
Persistent link: https://www.econbiz.de/10011627808
productivity growth and high unemplyoment. Subsequent research has shown that the standard model of unemployment actually gives …, Tesfaselassie and Wolters examine the effect of growth on unemployment in the presence of nominal price rigidity. The authors … demonstrate that the effect of growth on unemployment may be positive or negative. Faster growth leads to lower unemployment if …
Persistent link: https://www.econbiz.de/10011636010
law with a focus on the dynamic part of the relationship. We find that the negative relationship between unemployment and … misspecification of the short run unemployment-output relationship. A mixed lag structure indirectly controls for missing explanatory …
Persistent link: https://www.econbiz.de/10012051019
The standard search model of unemployment predicts, under plausible assumptions about household preferences, that … disembodied technological progress leads to higher unemployment. This prediction is at odds with the experience of industrialized … model's prediction. In the presence of nominal price rigidity faster growth is shown to lead to lower unemployment if the …
Persistent link: https://www.econbiz.de/10010435610
-up in terms of productivity but also a J-curve shape of output growth accompanied by an increase in unemployment on a large … and jobs, the model reproduces the pattern of productivity, growth and unemployment that we find in the CEE countries. …
Persistent link: https://www.econbiz.de/10010319281
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … that deliver a constant steady state unemployment rate in this setting. Labor-saving technical change increases … unemployment, which lowers wages and creates incentives for future investment in labor-using technologies. In the long run, this …
Persistent link: https://www.econbiz.de/10015047249