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Growth and Unemployment: Towards a Theoretical Integration
Author(s) -
Aricó Fabio
Publication year - 2003
Publication title -
journal of economic surveys
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.657
H-Index - 92
eISSN - 1467-6419
pISSN - 0950-0804
DOI - 10.1111/1467-6419.00200
Subject(s) - unemployment , economics , persistence (discontinuity) , set (abstract data type) , relation (database) , econometrics , macroeconomics , computer science , geotechnical engineering , database , engineering , programming language
We observe in the literature of the past decade some innovative contributions identified a relation between economic growth and long run unemployment. This set of contributions is composed of very few elements, all characterized by a high degree of heterogeneity about their features and about their final results. In the first part of the survey we provide a classification of these early contributions. In the second part we explore some alternative formulations of the problem and we present a wider set of models displaying interesting features, able to promote further studies about the persistence of unemployment in a growing economy.