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Foreign Direct Investment, Capital Formation and Labour Costs: Theory and Evidence for Germany

Hatzius, Jan - 1996

This paper shows that the liberalisation of foreign direct investment (FDI) tends to make the effect of labour costs on domestic investment and labour demand more negative. Using data from Germany, it then provides evidence that is consistent with this view. First, high unit labour costs...

Persistent link: https://www.econbiz.de/10010334709

Allocation of Economic Competence in Teams: A Comparative Institutional Analysis

Pelikan, Pavel - 1997

's institutions ('rules of the game'). Two stylized institutional variants of market selection and one of government selection are …

Persistent link: https://www.econbiz.de/10010334780

Institutions for the Selection of Entrepreneurs: Implications for Economic Growth and Financial Crises

Pelikan, Pavel - 1999

entrepreneurs and how these actions depend upon the prevailing institutions. While institutions have extensively been examined for …

Persistent link: https://www.econbiz.de/10010335169

Is There a Long-Run Trade-Off between Inflation and Unemployment?

Axell, Bo; Lang, Harald - 1985

How are inflation and unemployment related in the long run? Are they negatively correlated, as in the so-called naive … in his Nobel lecture? In this paper inflation is introduced into a general equilibrium search unemployment model. We show …

Persistent link: https://www.econbiz.de/10010334647