IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v13y2003i1p1-27.html
   My bibliography  Save this article

Persistent unemployment and co-ordination issues: an evolutionary perspective

Author

Listed:
  • Marie Amendola
  • Jean-Luc Gaffard

Abstract

In this paper we look at unemployment as a phenomenon which reflects the co-ordination problems that characterize out-of-equilibrium processes of adjustment. The analysis carried out shifts the focus from structural factors to the economic process. It shows that unemployment cannot be satisfactorily explained – and policy interventions devised – by focusing only on specific characters of the technology or confining the analysis to structural factors concerning the labour market. The co-ordination mechanisms of adjustment processes rather than the fundamentals of the economy appear, in this light, as the main determinants of differences in unemployment trends in different economies; and monetary policy comes back to the center of the stage as an essential element of the working of these mechanisms.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Marie Amendola & Jean-Luc Gaffard, 2003. "Persistent unemployment and co-ordination issues: an evolutionary perspective," Journal of Evolutionary Economics, Springer, vol. 13(1), pages 1-27, February.
    • Handle: RePEc:spr:joevec:v:13:y:2003:i:1:p:1-27
    DOI: 10.1007/s00191-003-0141-4
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s00191-003-0141-4
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s00191-003-0141-4?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ulrich Witt & Thomas Brenner, 2008. "Output dynamics, flow equilibria and structural change—A prolegomenon to evolutionary macroeconomics," Journal of Evolutionary Economics, Springer, vol. 18(2), pages 249-260, April.
    2. Jean-Luc Gaffard, 2005. "Le chômage est-il soluble dans des réformes structurelles ?," SciencePo Working papers Main hal-01020609, HAL.
    3. repec:hal:wpspec:info:hdl:2441/6490 is not listed on IDEAS
    4. Mario Amendola & Jean-Luc Gaffard & Fabrizio Patriarca, 2017. "Inequality and growth: the perverse relation between the productive and the non-productive assets of the economy," Journal of Evolutionary Economics, Springer, vol. 27(3), pages 531-554, July.
    5. Jean-Luc Gaffard, 2003. "Promouvoir la croissance en Europe : vérités et mystifications. Critique du rapport d'A. Sapir présenté à la Commission européenne en juillet 2003 : 'An Agenda for a Growing Europe. Making the EU Econ," SciencePo Working papers Main hal-01019489, HAL.
    6. repec:spo:wpecon:info:hdl:2441/6497 is not listed on IDEAS
    7. repec:spo:wpecon:info:hdl:2441/6490 is not listed on IDEAS
    8. Mario Amendola & Jean-Luc Gaffard & Francesco Saraceno, 2004. "Technological Shocks and the Conduct of Monetary Policy," Revue économique, Presses de Sciences-Po, vol. 55(6), pages 1241-1263.
    9. Michel Aglietta & Vladimir Borgy & Jean Chateau & Michel Juillard & Jacques Le Cacheux & Gilles Le Garrec & Vincent Touzé & Jérôme Creel & Jean-Paul Fitoussi, 2006. "Potential growth in the EU and the global economy: New analytical insights & prospects from ageing and catching-up," Working Papers hal-01072184, HAL.
    10. repec:hal:spmain:info:hdl:2441/6490 is not listed on IDEAS
    11. Jean-Luc Gaffard, 2009. "Innovation, competition, and growth: Schumpeterian ideas within a Hicksian framework," Springer Books, in: Uwe Cantner & Jean-Luc Gaffard & Lionel Nesta (ed.), Schumpeterian Perspectives on Innovation, Competition and Growth, pages 7-23, Springer.
    12. De-Chih Liu, 2023. "Unemployment persistence with an evolutionary perspective: job creation or destruction (or both)?," Evolutionary and Institutional Economics Review, Springer, vol. 20(1), pages 83-109, April.
    13. repec:spo:wpecon:info:hdl:2441/4423 is not listed on IDEAS
    14. repec:hal:spmain:info:hdl:2441/6497 is not listed on IDEAS
    15. Kurt Dopfer, 2011. "Mesoeconomics: A Unified Approach to Systems Complexity and Evolution," Chapters, in: Cristiano Antonelli (ed.), Handbook on the Economic Complexity of Technological Change, chapter 13, Edward Elgar Publishing.
    16. repec:spo:wpmain:info:hdl:2441/4423 is not listed on IDEAS
    17. repec:spo:wpmain:info:hdl:2441/6482 is not listed on IDEAS
    18. repec:hal:wpspec:info:hdl:2441/4423 is not listed on IDEAS
    19. repec:hal:spmain:info:hdl:2441/6482 is not listed on IDEAS
    20. Attar, Andrea & Campioni, Eloisa, 2007. "Credit cycles in a Neo-Austrian economy," Structural Change and Economic Dynamics, Elsevier, vol. 18(2), pages 249-269, June.
    21. repec:hal:spmain:info:hdl:2441/4423 is not listed on IDEAS
    22. repec:hal:wpspec:info:hdl:2441/6497 is not listed on IDEAS
    23. repec:spo:wpmain:info:hdl:2441/6497 is not listed on IDEAS
    24. repec:spo:wpmain:info:hdl:2441/6490 is not listed on IDEAS
    25. Kurt Dopfer, 2012. "The origins of meso economics," Journal of Evolutionary Economics, Springer, vol. 22(1), pages 133-160, January.

    More about this item

    Keywords

    Key words: Unemployment – Co-ordination – Out-of-equilibrium adjustments – Monetary policy; JEL Classification: E24; E58;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:13:y:2003:i:1:p:1-27. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.