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We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U …. Therefore the secular decline of unemployment since the mid 1990s indeed stemmed from higher average productivity growth. The …
Persistent link: https://www.econbiz.de/10010265226
Madrick. He argues that the growth of markets through trade, colonization, and domestic expansion was the predominate factor … in Western economic development. While technological innovation is necessary to growth, it is as much a consequence of … economic opportunity as it is a cause, and perhaps even more a follower of economic growth than a leader. …
Persistent link: https://www.econbiz.de/10005650239
This paper develops a growth model in which the endogenous evolution of technological progress and wage inequality is …
Persistent link: https://www.econbiz.de/10005662180
incorrectly neglect the role of technological catch-up in Europe up to the late 1960s and the contribution of the different growth … experiences in the two continents. Growth has a big impact on unemployment in econometric estimation. I use established estimates … to calculate the effect of catch-up and growth on unemploymen …
Persistent link: https://www.econbiz.de/10005090733
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous crisis in the 1990's and the continuous...
Persistent link: https://www.econbiz.de/10011307397
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to … analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and …
Persistent link: https://www.econbiz.de/10012099160
We construct an endogenous growth intertemporal general equilibrium model with two types of jobs and two types of …
Persistent link: https://www.econbiz.de/10004985234
Since 2008, France experiences a sharp productivity slowdown. Both output per hour and total factor productivity are particularly deceptive in the market economy. This recent trend contrasts with the acceleration of productivity during the previous crisis in the 1990's and the continuous...
Persistent link: https://www.econbiz.de/10011295516
I propose a two-sector endogenous growth model with heterogeneous sectoral productivity and nonlinear hiring costs to … analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … raises growth of technology, labor productivity and real wages. I show, however, that a slowdown in productivity and …
Persistent link: https://www.econbiz.de/10012307862
I construct and analyze a growth model in which technical change can increase unemployment. I first analyze the forces … interaction generates a balanced growth path that is observationally equivalent to that of the standard neoclassical growth model …, this change leads to faster growth in output per worker and wages, but it also yields higher unemployment and a lower labor …
Persistent link: https://www.econbiz.de/10015047249