, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity … low wages and productivity. A fall in union power results in a reduction in these inefficiencies and leads not only to a … rise in productivity but also in wages. …

States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies … productivity grows less due to larger mismatch. The model can be used to address a number of normative issues. …

patenting. Furthermore, it explains why R&D as a fraction of revenues is strongly related to firm productivity yet largely …

Germany overtook Britain in comparative productivity levels for the whole economy primarily as a result of trends in … services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external … economies of scale in a highly urbanised economy with an international orientation. Low productivity in Germany reflected the …

total factor productivity and output. It also finds no significant effects on employment. These results support the view …

long-run unemployment rate is independent of the level of productivity and the magnitude of the labour force. The model …

This Paper analyses the production efficiency gains in terms of technology transfer and labour productivity changes … firms operating in Greece in 1997. Departures from normality of labour productivity and its logarithm led to the adoption of … productivity which stems exclusively from full and majority owned affiliates and becomes significant only in the middle quantiles …

perspective. It emphasizes the ‘opportunity cost’ approach, which states that firms will intertemporally substitute productivity …