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Unemployment and Productivity Growth : An Empirical Analysis within the Augmented Solow Model

Pannenberg, Markus; Bräuninger, Michael - 2021

Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the … traditional Solow model, unemployment has neither an influence on long-run productivity growth nor on the long-run level of …

Persistent link: https://www.econbiz.de/10013321303

Trends in Hours and Economic Growth

Ngai, Rachel; Pissarides, Christopher A. - 2021

We study long-run trends in market hours of work and employment shifts across economic sectors driven by uneven TFP growth in market and home production. We focus on the substitutions between market and home production and on the structural transformation between agriculture, manufacturing and...

Persistent link: https://www.econbiz.de/10013317253

Education and Growth with Learning by Doing

Marconi, Gabriele - 2015

We develop a general equilibrium overlapping generations model which is based on the view that education makes workers more productive by increasing their ability to learn from work experience, rather than providing skills that directly increase productivity. One important implication of the...

Persistent link: https://www.econbiz.de/10013021942

Growth, Development, and Technological Change

Grossmann, Volker - 2007

The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...

Persistent link: https://www.econbiz.de/10012777881

Innovation, Inequality and a Golden Rule for Growth in an Economy with Cobb-Douglas Function and an R&D Sector

Welfens, Paul J. J. - 2015

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...

Persistent link: https://www.econbiz.de/10013023751

Are Microloans Bad for Growth?

Emerson, Patrick M. - 2010

This paper constructs a two-period overlapping generations model of human capital investment decisions where a microloan program designed to finance entrepreneurial activities is active. It is shown that, in the presence of human capital externalities (social returns to education) there exists a...

Persistent link: https://www.econbiz.de/10013136775

Cross-Country Connectedness in Inflation and Unemployment : Measurement and Macroeconomic Consequences

Binh Thai Pham; Sala, Hector - 2021

inflation and unemployment. We focus on the G7 economies plus Spain, and use monthly data –high-frequency data in a macro …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …

Persistent link: https://www.econbiz.de/10013236402

The Evolution of Inflation and Unemployment : Explaining the Roaring Nineties

Karanassou, Marika - 2007

This paper analyses the relation between US inflation and unemployment from the perspective of quot;frictional growth … policy has not only persistent, but permanent real effects, giving rise to a long-run inflation-unemployment tradeoff. We … the US unemployment and inflation trajectories during the nineties …

Persistent link: https://www.econbiz.de/10012776513

The Recovery from the Great Recession : A Long, Evolving Expansion

Shambaugh, Jay C.; Strain, Michael R. - 2021

Prior to 2020, the Great Recession was the most important macroeconomic shock to the United States economy in generations. Millions lost jobs and homes. At its peak, one in ten workers who wanted a job could not find one. On an annual basis, the economy contracted by more than it had since the...

Persistent link: https://www.econbiz.de/10013251540

To Be or Not to Be : The Entrepreneur in Neo-Schumpeterian Growth Theory

Henrekson, Magnus; Johansson, Dan; Karlsson, Johan - 2022

Based on a review of 700+ peer-reviewed articles since 1990, identified using text mining methodology and supervised machine learning, we analyze how neo-Schumpeterian growth theorists relate to the entrepreneur-centered view of Schumpeter (1934) and the entrepreneurless framework of Schumpeter...

Persistent link: https://www.econbiz.de/10014244277