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nting period (i.e. gross income minus depreciation) and how much it consumes out of that income in the same period. Capital accumulation enlarges a country’s capacity to produce goods. As we saw in Chapter 2, however, production-function studies, at least for advanced countries, cast some doubt on w

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G. Fraedrich,J. Sch?llhorn,A. Hoh,G. Spillner,V. Schlossernemployment and changes in the rate of economic growth. It asks, in both theoretical and empirical terms, 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 promote or retard

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L. Metznemployment and changes in the rate of economic growth. It asks, in both theoretical and empirical terms, 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 promote or retard

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F. G. J. Willekens,J. Wever,S. van Sterkenburg,J. Sch?llhorn,L. Metznemployment and changes in the rate of economic growth. It asks, in both theoretical and empirical terms, 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 promote or retard