Abstract
I present a variation on Johansen's classical growth model that incorporates the functional distribution of income and relates the 'long run' to the 'natural' rate of unemployment. I show that steady state solutions exist.
| Original language | English |
|---|---|
| Pages (from-to) | 153-159 |
| Number of pages | 7 |
| Journal | Journal of Economic Behavior and Organization |
| Volume | 22 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - Oct 1993 |
| Externally published | Yes |