object is a producible asset (viz. real capital), new employment is created and extra production is invested in capital …, which generates permanent growth even under decreasing returns to capital. If it is an unproducible asset (viz. money …

in favor of either workers or entrepreneurs, the system does not fully accomplish the transition and unemployment might …

, the full-employment region lies between two regions of classical and Keynesian unemployment, in contrast with the standard …

We consider three objects of people’s status preference, consumption, physical capital holding and money holding, and … of status preference is consumption, a steady state with full employment is reached. If it is physical capital (viz. a … with persistent unemployment arises. -- Status Preference ; Persistent Unemployment ; Long-Run Growth …

-policy making to restrain the upward tendency of unemployment. It argues that the development of NAIRU, the most widely known and … significantly, its adoption is consistent with unemployment, instead of economic activity expansion. By setting at the center of … analysis the persistently high levels of unemployment and questioning the NAIRU concept itself, this paper aims at signifying …

The paper analyses the sharp devergence in the nineties between capital formation in the main euro-area countries, on … and service sectors on capital stock, investment and value added. Our econometric estimates of an investment fonction … that links the growth of capital stock to value added for both the euro-area countries and the Anglo-Saxon countries. This …

Post Keynesian (PK) growth models typically fail to model unemployment. That shows up in the absence of any equilibrium … or exploding unemployment rate. The underlying analytical problem is failure to resolve the Harrod (1939) knife edge …

perspectives. Next, the paper shows that the super-multiplier is a micro-economically coherent theory of investment and capital … accumulation. Firms' decisions regarding capital accumulation coordinate demand and supply growth in goods markets. The paper then … shows how labor markets and unemployment can be added into super-multiplier models to provide a comprehensive growth model …

whereby unemployment affects investment and growth. The model generates a growth unemployment rate trade-off. A reduced … propensity to save raises growth but it also raises the unemployment rate because of induced technological progress. This … unemployment affects income distribution; introduction of a Phillips curve and inflation effects; and introduction of demand growth …