Employment Protection, International Specialization, and innovation

Employment Protection, International Specialization, and innovation
We develop a model to analyze the implications of firing costs on incentives for R & D and international specialization. The key idea is that, to avoid paying firing costs, the country with a rigid labor market will tend to produce relatively secure goods, at a late stage of their product life cycle. Under international trade, an international... READ MORE...

Publication date: February 1996
ISBN 9781451843354
$15.00

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