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 InfoPaper provided by European University Institute in its series Economics Working Papers with number eco2000/16.
Length: 19 pages
Date of creation: 2000
Date of revision:
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More information through EDIRC
ECONOMIC GROWTH ; UNEMPLOYMENT ; COSTS;
Other versions of this item:
- Martin Zagler, 2009. "Economic growth, structural change, and search unemployment," Journal of Economics, Springer, vol. 96(1), pages 63-78, January.
- J63 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Turnover; Vacancies; Layoffs
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - 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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