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Full Employment in Western Europe and the Regulatory Regime: An Institutional and Historical Analysis Together with a Commentary on Government as an Entrepreneur

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  • Singh, Ajit

Abstract

A serious blemish of the present economic era is the high rates of unemployment which currently afflict developed countries. Unemployment has reached high levels in several European countries as the following figures suggest. It is nearly 10% of the labour force in France, 24.5% in Greece, 15.3% in Ireland, 10.8% in Italy, 25.2% in Spain, 16.4% in Portugal, 8.1% in Sweden, 8.2% in the UK, and 8.2% in USA. The average OECD unemployment increased from 6.8% in 2005, and 6.2% in 2006 to 8.2% in 2011 and 8.2% in 2012. In addition there is further unemployment due to factors such as the discouraged worker effect and the high incidence of involuntary part-time work.

Suggested Citation

  • Singh, Ajit, 2013. "Full Employment in Western Europe and the Regulatory Regime: An Institutional and Historical Analysis Together with a Commentary on Government as an Entrepreneur," MPRA Paper 53038, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:53038
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    References listed on IDEAS

    as
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    6. Singh, Ajt, 2008. "Historical Examination of the Golden Age of Full Employment in Western Europe," MPRA Paper 24304, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • J0 - Labor and Demographic Economics - - General
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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