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. Macmillan, London, 1933) and Keynes (The general theory of employment, interest and money. Macmillan, London, 1936) about …The paper investigates Champernowne's 1936 attempt to sort out the debate between Pigou (The theory of unemployment … employment determination. Champernowne agreed with Keynes that workers can only bargain for a money-wage, but argued that, to the …
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In this chapter, in Sect. 12.1 we provide a sketch of the Keynesian multiplier and the multiplier–accelerator model by …
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and significant local employment multiplier of 2.2 additional jobs. These results bear important implications for the …This paper quantifies the effect of a local labor demand shock in the tradable sector on the employment in the non … employment in tradable and non-tradable sector due to an exogenous shift in the number of jobs in the tradable sector in local …
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the effect of an exogenous shock in the employment of the tradable sector on the employment in either the nontradable …
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This paper reconsiders the theoretical foundations of EU regional policy in economics. It begins with a discussion of the line of thought of its prevalent explanation in equilibrium economics which is focusing on market failures as its key underpinning and which is the major toolkit of...
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