Unemployment and Wage Formation in a Growth Model with Public Capital

Xavier Raurich () and Valeri Sorolla ()

UFAE and IAE Working Papers from Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC)

Abstract: We study the relation between public capital, employment and growth under different assumptions concerning wage formation. We show that public capital increases economic growth, and that, if there is wage inertia, employment positively depends on both economic growth and public capital.

Keywords: Unemployment; Wage Formation; Public Capital; Endogenous Growth (search for similar items in EconPapers)
JEL-codes: E24 O41 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-lab
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Persistent link: http://EconPapers.repec.org/RePEc:aub:autbar:508.02

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