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The labour market in Russia is very flexible. Firms adjust to economic shocks through wage cuts, working hour reductions and minimisation of non-wage labour costs. Workers react by changing jobs. This results in a high and stable overall employment rate, but also high wage inequality,...
Persistent link: https://www.econbiz.de/10011392839
This article examines the development of relationships of trust between managers and union representatives in a context of social innovations. Trust acts as a social lubricant and thus plays an important role in social relations within organizations undergoing change and which depend more on...
Persistent link: https://www.econbiz.de/10014195762
This article uses Canadian national data to examine the union effect on product innovation, a firm outcome which is widely researched in the management literature but has been less prominent in Industrial Relations scholarship. Using a longitudinal sample from the employer survey of the Canadian...
Persistent link: https://www.econbiz.de/10014044144
We show a causal impact of immigration on innovation and dynamism in US counties. To identify the causal impact of immigration, we use 130 years of detailed data on migrations from foreign countries to US counties to isolate quasi-random variation in the ancestry composition of US counties that...
Persistent link: https://www.econbiz.de/10012230294
labour markets, the lower the adjustment costs imposed by labour market regulation. Moreover, in industries with a ... …
Persistent link: https://www.econbiz.de/10012445941
The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...
Persistent link: https://www.econbiz.de/10010510592
What is the social value of innovations in Schumpeterian growth models? This issue is tackled by introducing the concept of Lindahl equilibrium in a standard endogenous growth model with vertical innovations which is extended by explicitly considering knowledge diffusion on a Salop (1979)...
Persistent link: https://www.econbiz.de/10010252161
We build a model of endogenous, innovation-driven growth in which innovative firms have costly access to outside financing and hoard cash reserves to maintain financial flexibility. We show that financing frictions slow down Schumpeterian creative destruction by discouraging entry. As a result,...
Persistent link: https://www.econbiz.de/10011412323
Using long historical data for Britain over the period 1620-2006, this paper seeks to explain the importance of innovative activity, population growth and other factors in inducing the transition from the Malthusian trap to the post-Malthusian growth regime. Furthermore, the paper tests the...
Persistent link: https://www.econbiz.de/10013138714
The theory of endogenous technical change has deeply contributed to our understanding of the fundamental sources of economic growth and development. In this chapter we survey important contributions in the field by focussing on the basic structure of endogenous growth models with horizontal as...
Persistent link: https://www.econbiz.de/10012777881