Description
Book SynopsisThe sectoral composition of economies is fundamental to the understanding of growth, unemployment and the relative performance of nations. Henri de Groot models the relationship between these four factors from a single theoretical perspective in order to determine the foundations of the wealth of nations.Special issues that are addressed include:
- the macroeconomic consequences of outsourcing and downsizing
- unemployment and catching-up
- the relationship between growth and unemployment in a dual labour market
- the relative stagnancy of Europe versus the USA in terms of productivity levels and unemployment
- transitional dynamics in two-sector endogenous growth models
- the causes of deindustrialization
- the role of trade unions and efficiency-wage considerations
Growth, Unemployment and Deindustrialization will be of paramount interest to scholars of endogenous growth theory, economic growth and unemployment, labour market economics and industrial organization.
Trade Review'This book deserves credit for providing an extremely comprehensive study analyzing the numerous incentives which arise from social security benefits, labor market institutions, and the way in which firms are organized with respect to these relationships. The book highlights the need for dynamic general equilibrium multi-sectoral models which help us better understand the future developments of industrialized economies.' -- R. Wapler, Journal of Economics/Zeitschrift fur Nationalokonomie
Table of ContentsContents: 1. Growth, Unemployment and Deindustrialization: An Introduction Part I: Relative Productivity and Unemployment 2. Unemployment and Catching Up: Europe vis-à-vis the USA 3. Macroeconomic Consequences of Downsizing 4. Catching Up and the Changing Sectoral Composition of a Small Open Economy Part II: Growth and Unemployment 5. Unemployment, Growth and Efficiency Wages 6. Unemployment, Growth and Trade Unions Part III: Sectoral Structure and Growth 7. The Determination and Development of Sectoral Structures 8. The Macroeconomic Consequences of Outsourcing 9. Optimal Sectoral Structure and Economic Policy 10. Summary and Conclusions References Index
