Growth and Employment in Europe

1. Front Matter

   Pages i-xiv

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2. Introduction and Overview

   1. Introduction and Overview

      • Martin Zagler

      Pages 1-21

3. Theory

   1. Front Matter

      Pages 23-23

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   2. Efficiency Wages

      • Martin Zagler

      Pages 25-36

   3. A Model of Economic Growth and Structural Change

      • Martin Zagler

      Pages 37-50

   4. Structural Change and Search Frictions

      • Martin Zagler

      Pages 51-70

   5. Can Long-Term Wage Accords Promote Growth and Employment?

      • Martin Zagler

      Pages 71-89

   6. Aggregate Demand and Keynesian Unemployment

      • Martin Zagler

      Pages 90-111

4. Evidence

   1. Front Matter

      Pages 113-113

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   2. Job Creation and Destruction?

      • Martin Zagler

      Pages 115-135

   3. On the Causality between Economic Growth and Unemployment

      • Martin Zagler

      Pages 136-153

   4. The Dynamics of Economic Growth and Unemployment

      • Martin Zagler

      Pages 154-171

   5. Conclusions and Policy Recommendations

      • Martin Zagler

      Pages 172-194

5. Back Matter

   Pages 195-230

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Zagler investigates the interaction between changes in the level of unemployment and changes in the economic rate of growth. It asks, both in theory and in evidence, whether a change in the growth rate of the economy will affect the level of unemployment which the economy experiences and whether a decline in the level of unemployment will foster or deteriorate the growth performance of the economy.

• economic growth
• employment
• growth
• Job Creation
• Keynes
• structural change
• unemployment

Growth and Employment in Europe has been awarded the Egon Matzner Memorial Price.

• Vienna University of Economics and Business Administration, Austria

  Martin Zagler

MARTIN ZAGLER is Associate Professor of Economics at the Vienna University of Economics and Business Administration, Austria and visiting professor at the Free University of Bozen/Bolzano. He has published in a number of learned journals and is the author of Endogenous Growth, Economic Policy, and Market Failures.

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