Kleinknecht, Alfred, (2015), “How ‘Structural Reforms’ Of Labour Markets Harm Innovation”, Social Europe, 20 Ιουλίου
Structural reforms of labour markets frustrate the diffusion of labour-saving technologies. Moreover, they damage the functioning of the ‘creative accumulation’ innovation model that depends on the long-run accumulation of firm-specific knowledge. It is not by accident that the champions of ‘structural reforms’ of the 1980s (i.e. the US, the UK, Australia or New Zealand) show persistently lower rates of labour productivity growth when compared to countries in ‘Old Europe’ and have problems competing in classical.
Σχετικές Αναρτήσεις
- Bordon, Anna Rose, Ebeke, Christian, Shirono, Kazuko, (2016), “When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies”, IMF Working Paper, No. 16/62, 15 Μαρτίου
- Bonfiglioli, Alessandra, Gancia, Gino A, (2015), “Economic Uncertainty and Structural Reforms”,Centre for Economic Policy Research, Νοέμβριος.