growth of labour productivity went hand in hand with declining employment, and even with considerable job losses in the … resulted overwhelmingly from across-the-board productivity improvements in individual sectors of the economy while employment … 15 economies, implying a huge catching-up potential. The estimated elasticity of employment to production growth is low …

growth of labour productivity went hand in hand with declining employment, and even with considerable job losses in the … resulted overwhelmingly from across-the-board productivity improvements in individual sectors of the economy while employment … 15 economies, implying a huge catching-up potential. The estimated elasticity of employment to production growth is low …

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … demand through a multiplier-like process but that the implication is quite different. It works through not an increase in … consumption function ; multiplier effect ; Keynesian Cross ; persistent unemployment ; aggregate demand …

such as wages, employment or labour market tightness. These results are similar with that of Monacelli et al. (2010) except … the fiscal multiplier increases with the elasticity of matching to spending and is also negatively related with the steady … state spending to GDP ratio in the presence of diminishing marginal returns on spending. For large value of the multiplier …

cohorts. The model provides a theoretical framework to Cumulative Causation theory of migration and specifically a theoretical …

General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews … recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …

aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the … that directly creates employment in order to reduce the deflationary gap …