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spillovers has counterfactual predictions for R&D intensity when it is an important factor behind differences in productivity …What factors underlie industry differences in research intensity and productivity growth? We develop a multi … consumer preferences. We find that long run industry differences in both productivity growth and R&D intensity mainly reflect …
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This paper analyzes the influence of the structure of collective wage bargaining on direct investment abroad. A wage negotiations model shows that high productive firms benefit from centralized bargaining and invest therefore less abroad than under dezentralized bargaining. An empirical study...
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