Adjemian, Stéphane; Langot, François; Quintero-Rojas, … - In: European Journal of Comparative Economics 7 (2010) 2, pp. 347-371
This paper analyzes how the frictions in the labor market simultaneously affect the economic growth and the long run unemployment. To this goal, we develop a schumpeterian model of endogenous growth: agents have the choice between employment and R and D activities. Unemployment is caused by the...