Product and Labour Market Regulations, Production Prices, Wages and Productivity
نویسندگان
چکیده
منابع مشابه
Product and Labour Market Regulations and Patenting Activity
A large literature has focused on labour market institutions as a reason for slow growth in Europe. How important have product market regulations been? Recent work has shown that less regulation encourages investment, increases employment and leads to faster productivity growth. Empirical work at the firm level, within individual countries, suggests that the impact may differ in important ways ...
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In the context of a monetary union, to keep a territorial equilibrium in terms of economic activity and employment, the relationship between real wages and productivity is crucial. In this paper, empirical evidence about the response of wages to productivity is obtained for 20 OECD countries and the role of labour market institutions to explain differences in this response is analysed.
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Philip Lowe’s paper raises several interesting and overlapping issues which merit discussion. The experiences described for productivity in Australia have both similarities and dissimilarities with the experience of other countries. If we look at the restructuring phases in recent years in both the United Kingdom and New Zealand, for example, they are characterised by substantial increases in l...
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That greater product market competition has the potential to affect outcomes in labour and product markets is borne out by one of the key premises of standard economic theory which predicts that, all other things held constant, prices should be lower and efficiency enhanced by more competition. In this paper we test this notion by considering the relationship between product market competition ...
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ژورنال
عنوان ژورنال: Review of Economics and Institutions
سال: 2016
ISSN: 2038-1379,2038-1344
DOI: 10.5202/rei.v7i2.220