Growth and Unemployment: Towards a Theoretical Integration

Fabio R. Arico'

Journal of Economic Surveys, 2003, vol. 17, issue 3, 419-455

Abstract: We observe in the literature of the past decade some innovative contributions identified a relation between economic growth and long run unemployment. This set of contributions is composed of very few elements, all characterized by a high degree of heterogeneity about their features and about their final results. In the first part of the survey we provide a classification of these early contributions. In the second part we explore some alternative formulations of the problem and we present a wider set of models displaying interesting features, able to promote further studies about the persistence of unemployment in a growing economy.

Date: 2003
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