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In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
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In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
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In this chapter we examine the relationship between Human Resource Management (HRM) and productivity. HRM includes … practices and productivity. We start with some facts on levels and trends of both HRM and productivity and the main economic … analyzes the impact of HRM on productivity emphasizing issues of methodology, data and results (from micro-econometric studies …
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