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The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies...
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Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...
Persistent link: https://www.econbiz.de/10012471865
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 "winner …
Persistent link: https://www.econbiz.de/10012479158
The paper documents the large cross-country differences in labor institutions that make them a candidate explanatory factor for the divergent economic performance of countries and reviews what economists have learned about the effects of these institutions on economic outcomes. It identifies...
Persistent link: https://www.econbiz.de/10012759957