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This paper examines an economic union where oligopolistic firms produce by skilled and unskilled labor and do in-house R&D by skilled labor. The planner of the union accepts new members to the union, regulates the labor market through a minimum wage for unskilled labor and supports firms by...
Persistent link: https://www.econbiz.de/10005233760
We examine a common market which expands by integrating new regions. Capitalists are strategically interdependent through the goods market and they improve their productivity through R&D. Production and R&D employ unionized workers. The purpose of integration is to maximize a weighed average of...
Persistent link: https://www.econbiz.de/10005703176
workers are unionized and their wages depend on relative union bargaining power. If this power is high enough, then there is … central planner eliminates union power altogether to have full employment. On the other hand, if (b) is more effective than (a …
Persistent link: https://www.econbiz.de/10005703641
components: general economics, employment, innovation research, economic reform, social cohesion and environment, each generated …
Persistent link: https://www.econbiz.de/10005822326
The process of globalization is an international economic order which has led to the progressive integration of the world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the technological innovation also provides impetus to the...
Persistent link: https://www.econbiz.de/10005822966
-social exclusion; the employment performance; and the neoliberal European model. …
Persistent link: https://www.econbiz.de/10005762392
This paper presents an empirical assessment of the endogenous optimum currency area theory. Frankel and Rose (1998) study the endogeneity of a currency union through the lens of international trade flows. Our study extends Frankel and Rose's model by using FDI flows to test the original theory...
Persistent link: https://www.econbiz.de/10005761797
In this qualitative sociological and quantitative economic policy paper, we start out from the assumption of a very recent European Commission Background paper on the “Efficiency and effectiveness of social spending”, which says the effectiveness of social spending can be defined by the...
Persistent link: https://www.econbiz.de/10005762307
core scope to set higher wages and to choose more generous welfare policies than their counterparts in the periphery …
Persistent link: https://www.econbiz.de/10005703558
employment in the material goods sector. International trade may reduce wages in poor countries and increase them in rich … knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than set …
Persistent link: https://www.econbiz.de/10005762377