Question
Please rephrase this context Moreover, considering how unemployment is related to economic growth, Pissaride (1990), Bean and Pissaride (1993) and Aghion and Howitt (1994), Daveri
Please rephrase this context
Moreover, considering how unemployment is related to economic growth, Pissaride (1990), Bean and Pissaride (1993) and Aghion and Howitt (1994), Daveri and Tabellini (2000) assessed long-run effects of growth on unemployment, but while others attest significant relationship between growth and Unemployment, Bean and Pissaride (1993) stated otherwise using OECD countries. In another dimension, Moreno-Galbis (2012) explained that economic growth tend to decrease unemployment especially for individuals who absorbed training, but accelerate rate of unemployment for unskilled employees who seek not to train, establishing "creative destruction effect". The author employed "endogenous job destruction framework" following Mortchsen and Pissande (1998) style, but applying direct search model, and was critical of earlier works which overlooks the impacts of technological process to economic growth and its relation to unemployment, equally as they underestimate the potential productive gains associate with technological advancement which under-estimates the impact of growth on unemployment.
Meanwhile, in another reseach work, Langot and Moreno-Galbis (2008) tested perculiar situation in OECD countries in estimating the impacts of economic growth on young and old workers employment rate and discovered what can later be known as capitalisation effect which seems to dominate afromentioned "creative destruction effect" on the side of the youthful employees but reverse is envisaged among their age-advanced counterparts. Liu and Zeng (2008) align that both long run economic growth and unemployment depend on both factors identified in endogenous growth model with full employment and other labour market factors, transformation in long-run unemployment hangs on parameters in the model and lastly reasoned that though programmes that stimulate indirectly through development in labour market efficiency always decreases unemployment in the long-run, and while programs that directly promoted investment in R&D may encourage unemployment rate. Finally, Stober (2015) advised policy makers that fighting unemployment should be paramount focus of the government and even the private individuals, especially in developing nations and mostly recurrent expenditure should be moderate and educational spending encouraged.
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