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Crescita economica e disoccupazione: recenti sviluppi teorici

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  • Maurizio Pugno

Abstract

In the received theory the "natural" rate of growth (Solow) and the "natural" rate of unemployment (Friedman) are independent. Recently, this dichotomy has been reformulated by employing the hypothesis of the trade union. This paper will show, however, that various attempts are emerging in the literature to drop this dichotomy. The key-hypotheses are: technological complementarity between capital accumulation and employment, search costs in the labour market, implementation costs of new techniques, endogenous growth theory, strategic complementarity between human capital accumulation and employment. The main results concern the conditions which make the relationship between growth and unemployment negative or positive; the theorical weakening of "natural" rate of unemployment; the emergence of various forms of inefficiency.

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  • Maurizio Pugno, 1998. "Crescita economica e disoccupazione: recenti sviluppi teorici," Economia politica, Società editrice il Mulino, issue 1, pages 119-166.
    • Handle: RePEc:mul:jb33yl:doi:10.1428/1863:y:1998:i:1:p:119-166
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    Cited by:

    1. Fabio Aricó, 2003. "Growth and Unemployment: Towards a Theoretical Integration," Journal of Economic Surveys, Wiley Blackwell, vol. 17(3), pages 419-455, July.
    2. Luciano Fanati & Piero Manfredi, 2003. "Population, Unemployment and Economic Growth Cycles: A Further Explanatory Perspective," Metroeconomica, Wiley Blackwell, vol. 54(2‐3), pages 179-207, May.

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