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Is There a Trade-Off between Employment and Growth?
1995 (English)Report (Other academic)
Abstract [en]

This paper investigates how unemployment and the long—run growth rate influence each other, building on the approach in Pissarides (1990). A central finding is that there is a trade—off between successful growth and employment, if one considers direct changes in the growth rate. On the other hand, when growth and unemployment are changed in indirect ways, what is good for growth is also good for employment. Thus, if one wants to increase both growth and employment, a policy implication seems to be that one should improve incentives (lower capital taxes or unemployment benefits) rather than subsidize R&D activities.

Place, publisher, year, edition, pages
Gävle: Högskolan i Gävle/Sandviken , 1995. , p. 21
Series
Working Paper / Högskolan Gävle-Sandviken, ISSN 1102-5476 ; 23
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:hig:diva-28519OAI: oai:DiVA.org:hig-28519DiVA, id: diva2:1263783
Available from: 2018-11-16 Created: 2018-11-16 Last updated: 2018-11-16Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard-cite-them-right
  • ieee
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Language
  • sv-SE
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Output format
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