unemployment in the long run? -- 3. The NAIRU theory, the NAIRU story and Keynesian approaches -- 4. Explaining the rise in …This book offers a long overdue and refreshing Keynesian approach to the rise of European unemployment. It critically … discusses the NAIRU theory and presents econometric evidence to assess the relative importance of capital investment and labor …

dual labour market * the relative stagnancy of Europe versus the USA in terms of productivity levels and unemployment … endogenous growth theory, economic growth and unemployment, labour market economics and industrial organization …The sectoral composition of economies is fundamental to the understanding of growth, unemployment and the relative …