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productivity effects barely offset higher union compensation, and that unions are negatively related to investment in capital and R …This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American … paper finds that unions have positive, but mostly small, effects on productivity, with the exception of Argentina, with a …
Persistent link: https://www.econbiz.de/10010235243
Persistent link: https://www.econbiz.de/10011897779
Persistent link: https://www.econbiz.de/10012150601
A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …
Persistent link: https://www.econbiz.de/10011302623
comparative to inflation. The findings oppose the predictable guidance that shares are safe investment avenue over long holding …
Persistent link: https://www.econbiz.de/10013442160
productivity growth. On average, no productivity improvements in labour have been recorded since independence. With an investment … to GDP ratio of only 13 per cent during the past decade, significantly higher productivity growth and investment will be … structural reforms and stronger institutions,higher rates of productivity growth will be hard to achieve …
Persistent link: https://www.econbiz.de/10013138043
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
Persistent link: https://www.econbiz.de/10013069222
neoclassical growth model. Investment rates and total factor productivity start out low and rise over time. These model dynamics …
Persistent link: https://www.econbiz.de/10012462256
We examine micro-level channels of how financial development can affect macroeconomic outcomes like the level of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm's innovation and export activities, using unique firm survey data...
Persistent link: https://www.econbiz.de/10008823197
This paper asks whether increasing productivity in the electricity sector can yield larger long-run GDP gains than …
Persistent link: https://www.econbiz.de/10014450774