文章基本信息

标题：Jobless growth: The long run relationship between capital and labor
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作者：Joao Ricardo Faria
期刊名称：Journal of Economic Research
印刷版ISSN：1226-4261
出版年度：2002
卷号：7
期号：2
出版社：Hanyang Economic Research Institute
摘要：This paper presents a general equilibrium model of optimal investment with adjustment and search costs and labor turnover. It assumes, along the lines of the Ricardian theory of jobless growth,a negative relationship between investment and job creation. However, it derives a positive relationship between capital stock and employment in levels, contradicting the second implication of Ricardo'stheory. As a consequence, in the short run capital stock and labor employment are substitutes, but in the long run they are complements.
关键词：Growth; Employment; Investment