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Croissance endogène, hystérésis du chômage et chocs d'offre défavorables

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  • Patrick ARTUS
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    Abstract

    We analyze the effect of disturbances (affecting the interest rate, productivity) on the long term growth rate according to the way the labor market operates (we introduce an insiders market, a competitive market or real wage rigidity). The economy incorporates an endogenous growth mechanism linked to capital accumulation.

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    File URL: http://www.jstor.org/stable/20075884
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    Bibliographic Info

    Article provided by ENSAE in its journal Annals of Economics and Statistics.

    Volume (Year): (1992)
    Issue (Month): 28 ()
    Pages: 65-87

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    Handle: RePEc:adr:anecst:y:1992:i:28:p:03

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