In this note we compare the laissez-faire steady-state solution in the Howitt and Aghion (1998) model to the social optimum. The analysis offers several new insights in comparison to the welfare analysis in Aghion and Howitt (1992). We find various new distortions between private and optimal...

Reviews the principal approaches to social dialogue in the Americas since the 1940s and explores the role of social dialogue as a means of adjustment to the processes of globalization and economic and technological change. Discusses the role of social dialogue in relation to the public sector...

Reviews the principal approaches to social dialogue in the Americas since the 1940s and explores the role of social dialogue as a means of adjustment to the processes of globalization and economic and technological change. Discusses the role of social dialogue in relation to the public sector...