Aggregate Demand, Economic Growth, and Unemployment
AbstractThis paper argues that in a growing economy unemployment can be the cause of goods markets failures, even if these are purely transitory. As the economy grows, new firms wish to enter products are accepted on the market, which we model as a purely transitory demand shock. It may take some time, however, until their products are accepted on the market, which we model as a purely transitory demand shock.
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Bibliographic InfoPaper provided by European University Institute in its series Economics Working Papers with number eco2000/17.
Length: 23 pages
Date of creation: 2000
Date of revision:
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DEMAND ; UNEMPLOYMENT ; ECONOMIC GROWTH;
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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- Zagler, Martin, 2003. "The Dynamics of Economic Growth and Unemployment in Major European Countries: Analysis of Okun´s Law," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(3).
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