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Employment protection, product market competition and growth / Winfried Koeniger

By: Material type: TextTextSeries: Discussion Paper Series (forschungsinstitut zur Zukunft der Arbeit) ; IZA DP 554Publication details: Bonn : Forschungsinstitut zur Zukunft der Arbeit, 2002Description: 26σ. : διαγρ. ; πινSubject(s): DDC classification:
  • 331.12042 21 εκδ.
Other classification:
  • 13.01.3
Summary: It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection and growth. We show in a model with step-by-step innovations that wheter employment protection decreases incentives to innovate and thus productivity growth depends on the degree of product market competition. For reasonable parameter values product market regulation fosters substantially more in the flexible than in the constrained economy.
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Item type Current library Collection Call number Copy number Status Date due Barcode
Books Books Βιβλιοθήκη ΟΜΕΔ Βιβλιοθήκη Κύρια Συλλογή 331.12042 KOE (Browse shelf(Opens below)) 1 Available 031000003518

It is commonly argued that labor market institutions such as employment protection worsen an economy's performance and particularly so, if product markets become more competitive. Empirical evidence, however, has difficulties to detect a robust negative correlation between employment protection and growth. We show in a model with step-by-step innovations that wheter employment protection decreases incentives to innovate and thus productivity growth depends on the degree of product market competition. For reasonable parameter values product market regulation fosters substantially more in the flexible than in the constrained economy.

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