Roa, Maria; Vazquez, Francisco; Saura, Dulce - In: Studies in Nonlinear Dynamics & Econometrics 12 (2008) 2, pp. 1559-1559
The purpose of this paper is to study the dynamic interaction between economic growth and unemployment in a general model of economic growth. Labour market disequilibrium is introduced through a non-market real wage clearing modeled by a non linear Phillips Curve. We show that unemployment rate...