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Capital and Unemployment in a Two-Class Growth Model

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Authors
Zhang, Wei-Bin
Issue Date
1993-10
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.6 No.4, pp. 361-378
Keywords
undogenous unemploymentneo-Keynesian economicsneoclassical assumption
Abstract
The paper proposes a simple dynamic one-sector and two-class growth model with endogenous unemployment and government intervention. The model explains dynamics of capital owned by the two classes and the market structure with labor unemployment. The dynamic properties of the model and effects of changes in some parameters are investigated.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1028
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College of Social Sciences (사회과학대학)Institute of Economics Research (경제연구소)Seoul Journal of EconomicsSeoul Journal of Economics vol.06(4) (Winter 1993)
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