Trends in productivity: the case of capital shortage
This paper analyses the effect of rising wage rates and real interest rates on labour productivity and capital productivity in a situation of capital shortage. Furthermore, it shows the effect of rising wage rates and real interest rates on the capital intensity of the production process. This latter effect can not be determined unambiguously.
Year of publication: |
2001
|
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Authors: | Kuper, Gerard H. ; Kuipers, Simon |
Institutions: | Faculteit Economie en Bedrijfskunde, Rijksuniversiteit Groningen |
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