Growth and Unemployment: towards a theoretical integration

Fabio Riccardo Arico

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    16 Citations (Scopus)

    Abstract

    We observe in the literature of the past decade some innovative contributions identified a relation between economic growth and long run unemployment. This set of contributions is composed of very few elements, all characterized by a high degree of heterogeneity about their features and about their final results.

    In the first part of the survey we provide a classification of these early contributions. In the second part we explore some alternative formulations of the problem and we present a wider set of models displaying interesting features, able to promote further studies about the persistence of unemployment in a growing economy.

    Original languageEnglish
    Pages (from-to)419-455
    Number of pages37
    JournalJournal of Economic Surveys
    Volume17
    Issue number3
    DOIs
    Publication statusPublished - Jul 2003

    Keywords

    • growth
    • unemployment
    • job-search
    • human capital
    • strategic complementarities
    • co-ordination failure
    • LABOR-MARKET RIGIDITIES
    • ENDOGENOUS INNOVATION
    • INCREASING RETURNS
    • TECHNOLOGY
    • EFFICIENCY
    • EUROPE
    • MODEL

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