Karanassou, Marika; Snower, Dennis J. - Institute for the Study of Labor (IZA) - 2002
labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and … the labor force. Using Solow growth and endogenous growth models, we show that the labor market need not contain all the … well. By implication, policies that stimulate investment and R&D and policies that affect the size of the labor force may …