Endogenous Growth and Equilibrium Unemployment in a North-South Model of the World Economy
A North-South model is developed which incorporates an endogenous rate of equilibrium unemployment in the North in the context of long-run growth. It is shown how increases in the size of public debt and unemployment compensation financed by payroll taxation, all measured relative to productivity, r...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2002
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| Online Access: | https://ink.library.smu.edu.sg/soe_research/496 https://ink.library.smu.edu.sg/context/soe_research/article/1495/viewcontent/EndogenousGrowth_2002_RDE.pdf |
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| Institution: | Singapore Management University |
| Language: | English |