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, which in turn, has had substantial stratification effects on employment and income opportunities of different occupations …
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The paper focuses on labor and product market deregulations, as fundamental elements in the passage from an investment to an innovation-based economy. The approach undertaken is prominently empirical. After a very brief description of the regulatory levels on the two sides of the Atlantic, we...
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between corruption and firm productivity when regulation is high and an insignificant relationship when it is low. These …Using firm-level data from more than 39,000 firms in 111 economies, this paper tests the hypothesis that corruption … impedes productivity more at higher levels of regulation. The analysis finds that there is a significant negative relationship …
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employment levels during recessions. However, they can create inefficiency in the labor market, and might limit labor market …
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