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employment elasticity compared to its values in economies with a stable development trend. Based on this, we formulate the …Despite extensive research, the estimates of changes in employment are heter-ogeneous in different conditions of … economic development. In this study, we examined the impact of the instability of economic growth on the elasticity of the …
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-good varieties through endogenous research. A sufficiently negative equilibrium elasticity of the individual supply of hours worked …
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An informal model is described that leads to multiple macroeconomic equilibria as a consequence of random variation in the relative amounts of technological change for new and existing goods. The novel observation is that the rate of introduction and market penetration of new goods vis-a-vis...
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