S-Space College of Social Sciences (사회과학대학) Institute of Economics Research (경제연구소) Seoul Journal of Economics Seoul Journal of Economics vol.06(4) (Winter 1993)
Capital and Unemployment in a Two-Class Growth Model
- Zhang, Wei-Bin
- Issue Date
- Seoul Journal of Economics, Vol.6 No.4, pp. 361-378
- 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.