Growth and Unemployment: towards a theoretical integration

Fabio Riccardo Arico

doi:10.1111/1467-6419.00200

Growth and Unemployment: towards a theoretical integration

Fabio Riccardo Arico

Research output: Contribution to journal › Article › peer-review

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 language	English
Pages (from-to)	419-455
Number of pages	37
Journal	Journal of Economic Surveys
Volume	17
Issue number	3
DOIs	https://doi.org/10.1111/1467-6419.00200
Publication status	Published - Jul 2003

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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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10.1111/1467-6419.00200

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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.",

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KW - unemployment

KW - job-search

KW - human capital

KW - strategic complementarities

KW - co-ordination failure

KW - LABOR-MARKET RIGIDITIES

KW - ENDOGENOUS INNOVATION

KW - INCREASING RETURNS

KW - TECHNOLOGY

KW - EFFICIENCY

KW - EUROPE

KW - MODEL

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SP - 419

EP - 455

JO - Journal of Economic Surveys

JF - Journal of Economic Surveys

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ER -

Growth and Unemployment: towards a theoretical integration

Abstract

UN SDGs

Keywords

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