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학술저널

Capital and Unemployment in a Two-Class Growth Model

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The paper proposes a simple dynamic one-sector and two-class growth model with endogenous unemployment and government intervention. The model explains dynamics of capital owned by the two classes and the market structure with labor unemployment. The dynamic properties of the model and effects of changes in some parameters are investigated.

Abstract

Ⅰ. Introduction

Ⅱ. The Model

Ⅲ. The Dynamics in Terms of K₁and K₂

Ⅳ. The Dynamics with the Identical Preference

Ⅴ. Parameters and the Long-Run Behavior

Ⅵ. Concluding Remarks

References

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