SEARCH, UNEMPLOYMENT, AND GROWTH

• 成果类型: Article
• 署名作者: KING, I; WELLING, L
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/0304-3932(95)01198-W
• 发表日期: 1995
• 页码: 499-507
• 关键词: search; Sectoral reallocation; unemployment; GROWTH

摘要

We develop a model to study the effects of changes in the size of technological innovations upon search and 'waiting-time' unemployment when search is costly and shocks are positively autocorrelated. We find that increases in the size of innovations increase steady state search, decrease steady-state waiting-time unemployment, and decrease total unemployment.