The Conundrum of Recovery Policies : Growth or Jobs?

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DINOPOULOS, Elias, Wolf-Heimo GRIEBEN, Fuat ŞENER, 2012. The Conundrum of Recovery Policies : Growth or Jobs?

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

Dinopoulos, Elias 2012 Grieben, Wolf-Heimo eng The Conundrum of Recovery Policies : Growth or Jobs? Dinopoulos, Elias Şener, Fuat 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. 2015-03-16T13:56:29Z Şener, Fuat 2015-03-16T13:56:29Z Grieben, Wolf-Heimo

Dateiabrufe seit 16.03.2015 (Informationen über die Zugriffsstatistik)

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