Structural Change, Aggregate Demand and Employment Dynamics in the OECD, 1970-2010

The paper combines Baumol’s model of structural change with a model of aggregate demand growth in the Keynesian-Kaleckian tradition to predict the dynamics of aggregate employment. The model for the demand regime is estimated with – and Baumol’s model for the productivity regime is calibrated on – OECD data. The trajectory for employment predicted by the combination of the two models tracks the actual employment dynamics in the OECD over the period 1970-2010 remarkably well

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Year of publication:	2013
Authors:	Hartwig, Jochen
Publisher:	[S.l.] : SSRN
Subject:	OECD-Staaten \| OECD countries \| Strukturwandel \| Structural change \| Erwerbstätigkeit \| Employment \| Gesamtwirtschaftliche Nachfrage \| Aggregate demand \| Arbeitsmobilität \| Labour mobility

Extent:	1 Online-Ressource (27 p)
Series:	KOF Working Papers ; No. 343
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 30, 2013 erstellt
Other identifiers:	10.2139/ssrn.2347305 [DOI]
Classification:	C23 - Models with Panel Data ; E12 - Keynes; Keynesian; Post-Keynesian ; E13 - Neoclassical ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; O41 - One, Two, and Multisector Growth Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014152246