Neto, António; Furukawa, Yuichi; Ribeiro, Ana Paula - 2017
Economic growth crucially depends on the level of R&D investment, as well as on the existing labour market institutions … paper proposes a novel analysis combining a Schumpeterian growth model with cash-in-advance (CIA) constraints on R&D to … study the impact of trade unions on economic growth and social welfare. Two main results arise: one the one hand, economic …