Investment and the long swings of unemployment
We estimate the relationship between investment and unemployment over the time period 1960-2015 in 20 OECD countries. While neoclassical growth theory typically assumes full employment – with no effect of investment on unemployment – we find that over our sample period covering more than five decade...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2018
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soe_research/2216 https://ink.library.smu.edu.sg/context/soe_research/article/3215/viewcontent/BWPEF1810.pdf |
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| Institution: | Singapore Management University |
| Language: | English |