We estimate the relationship between investment and unemployment in order to explore whether the medium … up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the …

According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …

supposed drivers of imbalances in the build-up to the Great Recession: unequal developments in investment, competitiveness and …. The model is able to replicate the low unemployment rates in the North that were paralleled with falling unemployment …

stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …