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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


  • Singh, Ajit


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

    1. Glyn, A. & Hughes, A. & Lipietz, A. & Singh, A., 1988. "The Rise And Fall Of The Golden Age," Cambridge Working Papers in Economics 884, Faculty of Economics, University of Cambridge.
    2. Crafts, Nicholas, 2012. "Western Europe's Growth Prospects: an Historical Perspective," CEPR Discussion Papers 8827, C.E.P.R. Discussion Papers.
    3. Grout, Paul A, 1984. "Investment and Wages in the Absence of Binding Contracts: A Nash Bargining Approach," Econometrica, Econometric Society, vol. 52(2), pages 449-460, March.
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    More about this item


    Full employment; unemployment; developed countries; Regulatory regime; historical analysis;

    JEL classification:

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


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