Bucci, Alberto; Fiorillo, Fabio; Staffolani, Stefano - Institut de Recherche Économique et Sociale (IRES), … - 2001
unemployment, wage inequality and growth. We find that the lower the product market competition in the intermediate sector, the … and inequality are negatively correlated whereas growth and unemployment are positively correlated. The last two results …We introduce an efficiency-wage mechanism into an innovation-driven growth model. Due to informational problems, the …