Economic growth, structural change, and search unemployment
AbstractEconomic growth is driven by structural change. Structural change doer not come without a cost, the most evident social cost being high and persistent unemployment. This paper develops an economy with an endogenously expanding service sector, where the constant flow of workers in and out of employment relation leads to structural unemployment.
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Bibliographic InfoArticle provided by Springer in its journal Journal of Economics.
Volume (Year): 96 (2009)
Issue (Month): 1 (January)
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Web page: http://www.springerlink.com/link.asp?id=108909
IT; New economy; Sectoral shifts; Service sector; Endogenous growth; Structural unemployment; Search unemployment; J63; J64; O11; O41;
Other versions of this item:
- Zagler, M., 2000. "Economic Growth, Structural Change, and Search Unemployment," Economics Working Papers eco2000/16, European University Institute.
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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