Autori
De Vincenti, Claudio
Mulino, Marcella

Titolo
Understanding Unemployment Dynamics in the Transition : The Role of Aggregate Demand and Investment
Periodico
Rivista italiana degli economisti
Anno: 1997 - Volume: 2 - Fascicolo: 1 - Pagina iniziale: 91 - Pagina finale: 120

This paper proposes a theoretical two-sectors growth model for an economy in transition. The model stresses that long term output and employment dynamics as well as the actual transition pace are affected by demand-side factors and their interaction with supply-side factors. It derives a set of feasible dynamic equilibrium paths, that is several steady-state equilibrium values for the unemployment rate. The paper shows the key role of the demand management policy in selecting the actual growth path and transition pace.



SICI: 1593-8662(1997)2:1<91:UUDITT>2.0.ZU;2-N
Testo completo: http://www.mulino.it/ws/rwDirectDownload.php?doi=10.1427/3612
Testo completo alternativo: http://www.mulino.it/rivisteweb/scheda_articolo.php?id_articolo=3612

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