A matching model will explain both unemployment and economic growth by considering the underground sector and human … ambiguous relationships between underground employment and unemployment, and (iii) between growth and unemployment. Key … low, underground employment alleviates unemployment, but the economy grows at lower rates. …

A matching model will explain both unemployment and economic growth by considering the underground sector. Three … between underground employment and unemployment, and (iii) between growth and unemployment. The key assumptions adopted are … underground firms, employ unskilled labour, and do not contribute to growth. Underground employment alleviates unemployment only …

where growth is driven by the innovative activity of entrepreneurs. Entrepreneurship is risky and requires investments that … affect the steepness of the lifetime consumption profile. As a consequence, the occupational choice of entrepreneurship …

-driven entrepreneurship in the modern sector. The model shows how opportunity-driven entrepreneurship can drive structural transformation … by increasing employment and productivity in both the modern and traditional sectors. -- entrepreneurship ; economic …

R&D and entrepreneurship. The optimal allocation between commercializers and inventors depends on the relative strength …