논문KCI 등재
Jobless growth: The long run relationship between capital and labor
2
조회
0
다운로드
0
인용
0
참고문헌
주제분류경제학
초록
Abstract
This paper presents a general equilibrium model of optimal in-vestmentwith adjustmentand search costsand laborturnover.Itassumes,along the linesofthe Ricardian theory ofjoblessgrowth,anegativerelationshipbetweeninvestmentandjobcreation.How-ever,it derivesa positive relationship between capital stock andemployment in levels,contradicting the second implication ofRi-cardo's theory. As a consequence,in the short run capital stockand labor employment are substitutes, but in the long run theyare complements.
관련 논문AI추천
The Effect of Capital Accumulation on Job Creation : Positive or Negative ?이선경, 최창곤한국경제통상학회 · 경제연구2016 · 제34권 제3호Productivity Distribution and Economic Growth김형석, 이재원, 조장옥, 주효연한국경제학회 · The Korean Economic Review2016 · 제32권 제1호Parameter Heterogeneity in the Neoclassical Growth Model: A Quantile Regression ApproachGiorgio Canarella, Stephen Pollard경제연구소 · Journal of Economic Development2004 · 제29권 제1호Devaluation and the Role of Voluntary Unemployment원용걸경제연구소 · Seoul Journal of Economics2005 · 제18권 제3호Technological Change and Contribution to Growth and ConvergenceEdward Nissan, Farhang Niroomand경제연구소 · Journal of Economic Development2006 · 제31권 제1호Long-Run Comparative Advantage and Transitional Dynamics after Free Trade in an Endogenous Growth Model곽노선경제연구소 · Seoul Journal of Economics2005 · 제18권 제2호
이 간행물의 다른 논문 (4건)
Development of Information Technology Industry and Sources of Economic Growth and Productivity in Korea김선재pp. 1-39Underpricing of Carved-out Initial Public Offerings나영, AgarwalAmamanpp. 1-30An Upper Bound for the Transient Resilience of a Rangeland that is Managed Using Cell GrazingAmitrajeetA.Batabyalpp. 1-10A Study on the Determinants of the Survivorship of Listed Companies in Korea왕규호, 김영산, SangGuePark, Su-YounJoungpp. 1-17