23-36

• Αλεξίου, Κωνσταντίνος
• Αργείτης, Γεώργιος Β.

The unemployment performance of the OECD countries has dramatically deteriorated over the last three decades. Low investment is likely to have been one of the causes of this rise in unemployment. This paper aims at gaining an insight into the relationship between capital stock and employment. The conducted econometric analysis, provides certain results, underpinning our hypothesis and argues in favour of implementing a Keynesian type macroeconomic policy in the OECD area.

• Economics and Business
• Computer and information sciences

• Economic policy
• Employment (Economic theory)
• Macroeconomics
• Statistics

unemployment, economic policy, industrial capacity

Περιέχει σημειώσεις και βιβλιογραφία, The authors are grateful to an anonymous referee for helpful suggestions.