Publikation:

The Conundrum of Recovery Policies : Growth or Jobs?

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Dinopoulos_0-274256.pdf
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Datum

2012

Autor:innen

Dinopoulos, Elias
Şener, Fuat

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http://nbn-resolving.de/urn:nbn:de:bsz:352-0-274256
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Open Access Green

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Wirtschaftswissenschaften: Publikationen
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Working Paper/Technical Report
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Zusammenfassung

This paper adopts a Neo-Schumpeterian approach to macroeconomics, by proposing a model which includes fully-endogenous growth, involuntary search-based unemployment, and financial frictions. The model analyzes the effects of several recovery policies used by governments to fight unemployment or/and enhance growth. Employment protection legislation reduces growth and unemployment. Policies that reduce the cost of job vacancies decrease unemployment and raise growth. Industrial policies in the form of production subsidies to young small firms, production taxes to adult large firms, and R&D subsidies increase growth and unemployment. Policies that reduce financial frictions accelerate growth but exert an ambiguous effect on unemployment.

Zusammenfassung in einer weiteren Sprache

Fachgebiet (DDC)
330 Wirtschaft

Schlagwörter

fully-endogenous growth, Schumpeterian unemployment, financial frictions, recovery policies, vacancy creation

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ISO 690DINOPOULOS, Elias, Wolf-Heimo GRIEBEN, Fuat ŞENER, 2012. The Conundrum of Recovery Policies : Growth or Jobs?
BibTex
@techreport{Dinopoulos2012Conun-30306,
  year={2012},
  series={Working Paper Series / Department of Economics},
  title={The Conundrum of Recovery Policies : Growth or Jobs?},
  number={2012-03},
  author={Dinopoulos, Elias and Grieben, Wolf-Heimo and Şener, Fuat}
}
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