How labor regulation a.ects innovation and investment: A neo-Schumpeterian approach

Giorgio Calcagnini, Germana Giombini and Giuseppe Travaglini

No 132, Mo.Fi.R. Working Papers from Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences

Abstract: Theoretical and empirical models provide ambiguous responses on the relationship between labor regulation, innovation and investment. Labor regulation tends to raise firms. adjustment costs. But, also, labor regulation stimulates firms to make innovations and investment to recover productivity in the long-run. In this paper we present a neo- Schumpeterian endogenous growth model, which explains how these opposite forces operate over time, and why a stricter labor regulation may positively a.ect innovation and investment.

Keywords: Endogenous growth model; Labor regulation; Innovation, Investment. (search for similar items in EconPapers)
JEL-codes: J5 O4 (search for similar items in EconPapers)
Pages: 44
Date: 2016-12
New Economics Papers: this item is included in nep-gro, nep-ino, nep-lab and nep-tid
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Working Paper: How labor regulation affects innovation and investment: A neo-Schumpeterian approach (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wmofir:132

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