| Abstract: | Summary The aim of this article is to improve the specification of theUV curve to get satisfactory statistical results for the whole post war period up to 1979. This is done by including a dummy
structure and the utilisation rate of production capacity. Results are presented for macro-data, data for men and women separately
also at a regional level. Moreover, indicators were developed to represent some causes of the increase in unemployment due
to market imperfections for the 1970–1979 period. These indicators were used as explanatory variables in a regression to explain
the increase of unemployment due to market imperfections in the 1970–1979 period.
Ministry of Economic Affairs (Directorate for General Ecomomic Policy
The author is indebted to Professor S.K. Kuipers for his helpful remarks. This article has been written à titre personnel. |
