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Journal Articles International Economic Journal Year : 2015

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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hal-01723792 , version 1 (05-03-2018)

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