Wages and Productivity Growth in a Competitive Industry

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dc.contributor.author Bester, Helmut
dc.contributor.author Petrakis, Emmanuel
dc.contributor.editor Universidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned 2009-05-07T08:31:49Z
dc.date.available 2009-05-07T08:31:49Z
dc.date.issued 1998-03
dc.identifier.issn 2340-5031
dc.identifier.uri http://hdl.handle.net/10016/4142
dc.description.abstract The model studies the evolution of productivity growth in a compehtlve industry. The exogenous wage rate determines the firms' engagement in labor productivity enhancing process innovation. There is a unique steady state of the industry dynamics, which is globaIly stable. In the steady state, the number of active firms, their unit labor cost and supply depend on the growth rate but not on the level of the wage rate. In addition to providing comparative statics of the steady state, the paper characterizes the industry's adjustment path.
dc.format.mimetype application/pdf
dc.language.iso eng
dc.relation.ispartofseries UC3M Working Paper. Economics;
dc.relation.ispartofseries 1998-29-09
dc.rights Atribución-NoComercial-SinDerivadas 3.0 España
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.other Process innovation
dc.subject.other Industry dynamic
dc.subject.other Wages
dc.title Wages and Productivity Growth in a Competitive Industry
dc.type workingPaper
dc.subject.eciencia Economía
dc.rights.accessRights openAccess
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