システム情報工学研究科　　　　　　　　　　　　　　　　　　　　　　　　    

         平成1６年度　　ファカルティ・セミナー

                       (Faculty Seminar)

日　時　：　2005年2 月17日(木)　　16:30-18:00

場　所　：　第三学群F棟　３F 1136

講演者　：　大住　康之　　 [ 中京大学経済学部　教授 ]

司会者　：　江口　匡太

演　題　：　Capital Accumulation, Unemployment, and Labor Shares

in the Medium Run

                           ＜ abstract ＞

Product and labor market imperfections characterize unemployment, wages, and factor shares directly and influence their medium-run dynamics indirectly through capital accumulation. This paper presents a simple macrodynamic model incorporating monopolistic competition in the goods market and Blanchard(1997)  type wage bargaining in the labor market  into Solow and Stiglitz(1968)  model where a fraction of profits to finance investment is different from that of wages. Our results suggest that an increase in wage pressure can explain the actual dynamics of unemployment, wages, and labor shares in European Continental countries during 1970’s and 1980’s. We also examine the effects of deregulations on unemployment, wages, and labor shares. Differently from Blanchard and Giavazzi (2003), we point out the possibility that product market deregulation increases unemployment in the medium-run.