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The structural changes in the world economy have made themselves increasingly felt in the Federal Republic of Germany over the past few years. For the first time since 1965 there is again a current account deficit, since merchandise trade is no longer able, due to the worsened terms of trade, to...
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pressure to rationalise. Greater rationalisation should, however, have led to an increase in labour productivity, but this has … been a marked slowdown in the rate of productivity advance. Why is this, and what is the outlook for the future? …
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Low growth and high unemployment have induced the European Union (EU) to outline an economic programme in which long-term effective growth and structural policy measures play a central role. Simultaneously, the German government adopted an "action programme aiming at more growth and employment",...
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The empirical relationship between competition intensity and the rate of productivity growth across 30 sectors of the … competition for each sector, defined by the price markup that maximises the growth rate of hourly labour productivity. As there is … follows that sectors with high technical progress require higher markups to maximise their labour productivity growth rate …
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