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, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014581460
findings from the literature on how productivity, innovation, and employment were impacted by the Great Liberalizationa period …, procompetitive effect of trade on total factor productivity (TFP). However, as in the 1990s, these gains do not seem to have been … limits of trade policy in boosting employment and long-term productivity growth. Policymakers should manage their …
Persistent link: https://www.econbiz.de/10012267592
In this paper, we re-examine the Phillips curve for Canada from June 1976 to October 2022 in a time-varying manner. Our findings reveal that the impulse response of inflation to the changes in the unemployment rate gap has reduced over time till 2010 and strengthened thereafter. The response of...
Persistent link: https://www.econbiz.de/10014481227
Firms, especially Chinese manufacturing firms, invest significant resources in innovation activities to sustain their position in the intensifying competitive environment. However, innovation efficiency has led to growing concerns due to the rapid increase in R&D expenditures. The purpose of...
Persistent link: https://www.econbiz.de/10014294979
Persistent link: https://www.econbiz.de/10014233516
alignment with productivity. The paper reviews the limited available empirical literature on the association of the minimum wage … minimum wage follows productivity developments and whether the minimum wage bites leads to the second and third takeaways of … the paper. The minimum wage follows productivity developments over the longer term but not always in the short term. The …
Persistent link: https://www.econbiz.de/10015332003
In Germany, free collective bargaining was introduced after the Great War in November 1918. Tough, it has constitutional status, we can observe that the state monitors and sometimes steers the collective bargaining process. This can be explained by using the Principal Agent Model as an...
Persistent link: https://www.econbiz.de/10014518377
Die Fallstudie geht der Frage nach, warum die Arbeitgeberverbände der Metall- und Elektroindustrie seit Beginn der 2000er Jahre keine neuen Mitglieder mehr generieren können sowie dem damit verbundenen Bedeutungsverlust der Flächentarifverträge in dieser Branche. Gefragt und analysiert wird,...
Persistent link: https://www.econbiz.de/10013254413
Ignoring strategic interactions among final goods producers, the extant theoretical literature shows that lower costs of imported inputs increase the exports of the final goods using those inputs. Hence, it does not explain the empirically relevant positive relationship between the costs of...
Persistent link: https://www.econbiz.de/10014420158
This paper explores the effects of innovation efficiency on technology gap and product diversity between a leading firm and its competitor. Our analysis shows some interesting results: when innovation efficiency is sufficiently large and increases, the leading firm may expand technology gap, and...
Persistent link: https://www.econbiz.de/10014555500