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Does a country?s level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …
Persistent link: https://www.econbiz.de/10010262354
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model, yields some answers. In the traditional Solow model, unemployment has no long-run influence … on the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment …
Persistent link: https://www.econbiz.de/10005068653
Does a country’s level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …
Persistent link: https://www.econbiz.de/10005566840
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised Solow-type growth model yields some answers. In the traditional Solow model, unemployment has no long-run influence on … the growth rate and the level of productivity. The long-run level of productivity is reduced if higher unemployment leads …
Persistent link: https://www.econbiz.de/10011440805
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …
Persistent link: https://www.econbiz.de/10011325983
the influence of bargaining structures on growth and labor market functioning. To achieve this, we construct an endogenous … growth model where growth appears as the result of a learning-by-doing process whereas imperfect information in the labor … market implies matching frictions in the hiring process. If investment occurs before wage bargaining, the growth process can …
Persistent link: https://www.econbiz.de/10005422837
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
Purpose: The purpose of this study is to re-examine the relationship between trade openness and economic growth in the … Gulf Cooperation Council countries (GCC), with emphasis on both the role of exports and imports in economic growth in a … that partially, export had a significant positive effect on economic growth, while import had a significant but negative …
Persistent link: https://www.econbiz.de/10012023558
in the inequality and growth literature. These include growth, openness, wages, and liberalisation. We review the … existing cross-country empirical evidence on the effects of inequality on growth and the extent to which the poorest in society … benefit from economic growth. The linkage between growth, redistribution and poverty is also analysed. In the review of …
Persistent link: https://www.econbiz.de/10010262079
growth. A summary of what we learn from the econometric results concludes the paper. …
Persistent link: https://www.econbiz.de/10010267501