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There is a prevalent view outside Greece that promotion of competitiveness is tantamount with price reductions for Greek goods and services. Massive horizontal salary cuts appear, at first, to promote competitiveness by reducing unit labor costs and to reduce fiscal deficits by reducing the wage...
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This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
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-side channel: capital, labor, and productivity, with the last estimated using the stochastic frontier approach. By controlling for …
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establishment productivity and markups. The elimination of local barriers that were inconsistent with national legislation was the …. The paper finds that the elimination of subnational barriers to entry boosted the (revenue) productivity of establishments … raise the establishments' markups, which, if anything, declined, suggesting that physical productivity improved. The paper …
Persistent link: https://www.econbiz.de/10012004769
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010271783