Carree, M.A.; Thurik, A.R. - Erasmus Research Institute of Management (ERIM), ERIM … - 2006
performance, viz. employment growth, GDP growth and labor productivity growth. Particular attention is devoted to the lag … to exiting capacities and finally a stage of positive supply-side effects. The net effect is positive for employment and … fixed costs and unit cost of production equal to wage (w) times units of labor needed (l). Per-
fect competition implies no …