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Why Long-Run Unemployment Rates Differ between Countries

Krelle, Wilhelm

The Scandinavian journal of economics, 1980-01, Vol.82 (2), p.240-252 [Periódico revisado por pares]

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Título:
Why Long-Run Unemployment Rates Differ between Countries
Autor: Krelle, Wilhelm
Assuntos: Commerce ; Commodities ; Economic growth rate ; Economics ; Employment ; Health Services Needs and Demand ; Inflation rates ; Labor demand ; Labor productivity ; Labor supply ; Macro ; Models, Theoretical ; Money ; Population ; Production functions ; Social Class ; Socioeconomic Factors ; Unemployment ; Unemployment rates
É parte de: The Scandinavian journal of economics, 1980-01, Vol.82 (2), p.240-252
Notas: ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
Descrição: A growth model of international trade (including money and bonds and assuming flexible exchange rates) has been constructed and analyzed. The results are that there is tendency to equalize the real growth rates of all countries. But growth rates per head and real productive capital will remain different in the different countries, The same is true for rates of inflation, rates of interest and rates of employment. There will be a "natural rate of unemployment" for each country. The determinants of these rates are analyzed.
Editor: England: The Scandinavian Journal of Economics
Idioma: Inglês

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