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The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is …
Persistent link: https://www.econbiz.de/10010495336
Persistent link: https://www.econbiz.de/10001420860
business background (CEO governors), focusing on income growth, unemployment, private investment, and income inequality … private capital stock, and a 0.6 percentage points lower unemployment rate than are the tenures of non-CEO governors. Income …
Persistent link: https://www.econbiz.de/10011557923
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...
Persistent link: https://www.econbiz.de/10012756204
and matching unemployment. We show that trend growth in itself does not generate a trade-off for the monetary authority …
Persistent link: https://www.econbiz.de/10011300631
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/10014583789
To the layman, the upward trend in European unemployment is related to the slowdown in economic growth. We argue that … the layman's view is correct. The increase in European unemployment and the slowdown in economic growth are related … thus creates unemployment. Second, as firms substitute capital for labor, the marginal product of capital falls; over long …
Persistent link: https://www.econbiz.de/10014029390
This volume challenges the view that unemployment is exclusively determined by structural characteristics of the labour …
Persistent link: https://www.econbiz.de/10014484718
-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 …. -- catching-up ; growth ; unemployment ; technological change ; transition economies …
Persistent link: https://www.econbiz.de/10003884580
most likely responsible for a considerable part of European unemployment. …
Persistent link: https://www.econbiz.de/10010508245