IDEAS home Printed from https://ideas.repec.org/a/mul/jqat1f/doi10.1427-3612y1997i1p91-120.html
   My bibliography  Save this article

Understanding Unemployment Dynamics in the Transition. The Role of Aggregate Demand and Investment

Author

Listed:
  • Claudio De Vincenti
  • Marcella Mulino

Abstract

This paper proposes a theoretical two-sectors growth model for an economy in transition. The model stresses that long term output and employment dynamics as well as the actual transition pace are affected by demand-side factors and their interaction with supply-side factors. It derives a set of feasible dynamic equilibrium paths, that is several steady-state equilibrium values for the unemployment rate. The paper shows the key role of the demand management policy in selecting the actual growth path and transition pace.

Suggested Citation

  • Claudio De Vincenti & Marcella Mulino, 1997. "Understanding Unemployment Dynamics in the Transition. The Role of Aggregate Demand and Investment," Rivista italiana degli economisti, Società editrice il Mulino, issue 1, pages 91-120.
    • Handle: RePEc:mul:jqat1f:doi:10.1427/3612:y:1997:i:1:p:91-120
    as

    Download full text from publisher

    File URL: https://www.rivisteweb.it/download/article/10.1427/3612
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.rivisteweb.it/doi/10.1427/3612
    Download Restriction: no
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mul:jqat1f:doi:10.1427/3612:y:1997:i:1:p:91-120. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://www.rivisteweb.it/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.