productivity effects barely offset higher union compensation, and that unions are negatively related to investment in capital and R …This paper analyzes the economic impact of unions on productivity in the manufacturing sector across six Latin American … paper finds that unions have positive, but mostly small, effects on productivity, with the exception of Argentina, with a …

A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …