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Economic Growth : The Case of Irreversibility of Investment with Bargaining Power of Workers

Abstract : In this paper, we develop a model of endogenous growth with search frictions in the labor market. We show that the growth rate of the economy may be durably altered in a case of investment irreversibility and bargaining power of workers. Labor market conditions mitigate this rent-seeking effect of workers.
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Submitted on : Monday, March 5, 2018 - 5:49:56 PM
Last modification on : Thursday, May 26, 2022 - 3:02:52 AM

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Isabelle Terraz. Economic Growth : The Case of Irreversibility of Investment with Bargaining Power of Workers. International Economic Journal, Taylor & Francis (Routledge), 2015, 30 (1), pp.75-86. ⟨10.1080/10168737.2015.1136665⟩. ⟨hal-01723792⟩

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