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Growth, Unemployment And Nonexistence Of Labor Market In A Ramsey Type Model

Author

Listed:
  • Fernando A. Noriega Ureña

    (UAM-Xochimilco)

  • Ramón Tirado Jiménez

    (UAM-Xochimilco)

Abstract

Este trabajo muestra, con base en un modelo del tipo de Ramsey, que una empresa competitiva que maximiza la tasa de beneficios, sujeta a una tecnología con productos marginales decrecientes, alcanza niveles de equilibrio comparativamente superiores a los que alcanzaría una empresa maximizadora del beneficio neto. Además, se demuestra que en las condiciones del estado estacionario, el mercado de trabajo y el desempleo son inexistentes.

Suggested Citation

  • Fernando A. Noriega Ureña & Ramón Tirado Jiménez, 2003. "Growth, Unemployment And Nonexistence Of Labor Market In A Ramsey Type Model," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 2(1), pages 3-22, Marzo 200.
    • Handle: RePEc:imx:journl:v:2:y:2003:i:1:p:3-22
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    References listed on IDEAS

    as
    1. Joan Robinson, 1962. "A Model of Accumulation," Palgrave Macmillan Books, in: Essays in the Theory of Economic Growth, chapter 0, pages 22-87, Palgrave Macmillan.
    2. Aghion,Philippe & Williamson,Jeffrey G., 1999. "Growth, Inequality, and Globalization," Cambridge Books, Cambridge University Press, number 9780521659109, January.
    3. Joan Robinson, 1962. "Essays in the Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00626-7.
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    More about this item

    Keywords

    Employment determination; Labor demand; Growth models;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

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