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Martin, Philippe; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1996

reinforcing processes. Industrial agglomeration in one location spurs growth because it reduces the cost of innovation in that … origin of innovation expands, new firms tend to locate close to this sector. The model can be interpreted as illustrating one … mechanism behind the emergence of cities seen as centres for production and innovation, and is consistent with the episodes of …

Persistent link: https://www.econbiz.de/10005662416

How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1998

This paper evaluates two theories of unemployment: the natural rate theory (whereby unemployment is depicted as fluctuating around a reasonably stable natural rate) and the chain reaction theory (which views movements in unemployment as the outcome of the interplay between labour market shocks...

Persistent link: https://www.econbiz.de/10005504680

A Contribution to Unemployment Dynamics

Karanassou, Marika; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

This paper views movements in unemployment as the result of the interaction between: (a) lags in labour market decisions; and (b) labour market shocks with temporary and permanent components. Two features of unemployment dynamics are examined: (i) `unemployment persistence', arising when...

Persistent link: https://www.econbiz.de/10005791454

Public Policies, Regional Inequalities and Growth

Martin, Philippe - C.E.P.R. Discussion Papers - 1998

. Contrary to transfers and traditional regional policies, it is shown that a public policy that reduces the cost of innovation …

Persistent link: https://www.econbiz.de/10005136400

Restructuring Production and Work

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1995

The paper analyses the contemporary organizational restructuring of production and work and derives some salient implications for the labour market. The analysis focuses on the switch from occupational specialization at 'Tayloristic' organizations to multi-tasking at 'holistic' organizations....

Persistent link: https://www.econbiz.de/10005504765

Centralized Bargaining, Multi-Tasking, and Work Incentives

Lindbeck, Assar; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997

The paper examines the implications of an important aspect of the ongoing reorganization of work – the move from occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...

Persistent link: https://www.econbiz.de/10005662207

Comparing the Effectiveness of Employment Subsidies

Brown, Alessio J G; Merkl, Christian; Snower, Dennis J. - C.E.P.R. Discussion Papers - 2007

This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …

Persistent link: https://www.econbiz.de/10005666681

Optimal Stabilization Policy in the Presence of Learning by Doing

Martin, Philippe; Rogers, Carol Ann - C.E.P.R. Discussion Papers - 1995

The paper analyses, along the transition path and in steady state, the optimal stabilization policy in an economy in which growth is driven by learning by doing. If future benefits of learning by doing are not fully internalized by workers the optimal fiscal policy is to tax labour during...

Persistent link: https://www.econbiz.de/10005124106

Agglomeration and Regional Growth

Baldwin, Richard; Martin, Philippe - C.E.P.R. Discussion Papers - 2003

We review the theoretical links between growth and agglomeration. Growth, in the form of innovation, can be at the …

Persistent link: https://www.econbiz.de/10005124278

Stabilization Policy, Learning by Doing, and Economic Growth

Martin, Philippe; Rogers, Carol Ann - C.E.P.R. Discussion Papers - 1995

This paper shows that fiscal policy, when used for stabilization purposes, can have a positive effect on the economy's growth, on human capital accumulation, and on welfare, along the transition path. We introduce symmetric productivity shocks into a model in which productivity is augmented...

Persistent link: https://www.econbiz.de/10005504410