Brecher, R.A.; Chen, Z.; Choudhri, E.U. - Carleton University, Department of Economics - 2000
uses the model to explore the long-run relationship between unemployment and growth. The rate of productivity growth is …. For inStance, an exogenous increase in the growth rate may raise the rate of efficiency-wage unemployment, and a once …-for-a1l rise in the labor force may reduce the unemployment rate in the endogenous-growth case. …