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This paper presents an Agent-Based Model (ABM) that seeks to explain the concordance of sluggish growth of productivity … and of real wages found in macro-economic statistics, and the increased dispersion of firm productivity and worker … and low productivity firms seeking to cut wages. The model highlights the antipodal competitive dynamics between a …
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France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had …
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France. During the 1980s and 1990s Britain halted the relative declines in GDP per capita and labour productivity that had …
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