analyse the link between sectoral resource allocation, low productivity growth and stagnant real wages. My results suggest … equilibrium is not efficient as firms fail to internalize the effect of their individual labor allocation on aggregate growth …

Regional allocation of public investment has been considered of a great interest over the years. Regional policy uses … investments as a basic developmental tool and it seeks for an effective allocation among the regions. In addition, national … national product. Therefore, an effective allocation by the central government is of a great significance. In addition …