Economic Growth, Structural Change, and Search Unemployment

Martin Zagler ()

Economics Working Papers from European University Institute

Abstract: Economic growth is driven by structural change. Structural change doer not come without a cost, the most evident social cost being high and persistent unemployment. This paper develops an economy with an endogenously expanding service sector, where the constant flow of workers in and out of employment relation leads to structural unemployment.

Keywords: ECONOMIC GROWTH; UNEMPLOYMENT; COSTS (search for similar items in EconPapers)
JEL-codes: J63 J64 O11 O41 (search for similar items in EconPapers)
Date: 2000

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Persistent link: http://EconPapers.repec.org/RePEc:eui:euiwps:eco2000/16

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