The Rise of Unemployment in Europe

Engelbert Stockhammer

in Books from Edward Elgar Publishing

Abstract: This book offers a long overdue and refreshing Keynesian approach to the rise of European unemployment. It critically discusses the NAIRU theory and presents econometric evidence to assess the relative importance of capital investment and labor market institutions. The author also explores the reasons for the slowdown in capital accumulation, and is able to establish a clear link between changes in the financial sector, changes in corporate governance and investment expenditures.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2004
ISBN: 9781843764106
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Citations: View citations in EconPapers (28)

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