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unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent “market …The paper questions the predominant view on unemployment and wages in the European Un-ion according to which high … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …
Persistent link: https://www.econbiz.de/10005076845
The current research emphasis on institutions as key determinants of economic performance, rather than on resources and … resource productivity, has uncovered important questions for further research. For example, if institutions are central to … institutions? What specific aspects of institutions are responsible for economic performance? This paper suggests that two broad …
Persistent link: https://www.econbiz.de/10005125631
The current research emphasis on institutions as key determinants of economic performance has uncovered important … questions for further research. For example, if institutions are central to economic performance, then what explains observed … differences in performance across parts of one economy sharing similar institutions? This paper suggests that two broad aspects of …
Persistent link: https://www.econbiz.de/10005125647
Institutions either promote or constrain economic performance, but which parts of institutions advance or restrict … performance, and why do economies sharing similar institutions sometimes perform differently? This paper is a modest attempt at … superstructural effects of institutions on aggregate and average income across 84 U.S. Native American economies (USNAEs). It finds …
Persistent link: https://www.econbiz.de/10005125690
operative outline concentrates on the role of instrumental freedoms and institutions, and it is based on the traditional themes … instrumental freedoms. We eventually map each set of variables in order to point out how instrumental freedoms and institutions …
Persistent link: https://www.econbiz.de/10005134608
decision makers. These responses, in turn influenced by institutions and instrumental freedoms, ultimately affect the dynamics …
Persistent link: https://www.econbiz.de/10005556907
Institutions either promote or constrain economic performance, but which part of institutions does so, and why do … economies sharing similar institutions sometimes perform differently? This paper applies a novel model that is capable of … separating infrastructural and superstructural effects of institutions on aggregate and average income using a cross- section of …
Persistent link: https://www.econbiz.de/10005118789
Dem neu-keynesianischen langfristigen Gleichgewichtskonzept einer durch Strukturfaktoren des Arbeitsmarktes, der Lohnverhandlungen und der sozialen Sicherungssysteme bestimmten inflationsstabilen Arbeitslosenquote (NAIRU) wird in diesem Beitrag eine post- keynesianische Interpretation der NAIRU...
Persistent link: https://www.econbiz.de/10005126225