Kollintzas, Tryphon; Papageorgiou, Dimitris; Tsionas, … - In: IZA journal of labor policy 7 (2018) 1, pp. 1-43
TSL have an adverse effect on both TFP and output growth. Finally, the effect of WPR and TSL on the business cycle (shock … propagation mechanism) is investigated via a panel VAR analysis. Again, impulse response function analysis suggests that the shock … of the OECD countries. For example, in Greece, unlike the other OECD countries in the sample, a positive temporary shock …
