Higher profits and lower capital prices: is factor allocation optimal?

E. Yndgaard, Palle Andersen and Marc Klau

No 65, BIS Working Papers from Bank for International Settlements

Abstract: From an international perspective, the European rate of unemployment has been high and growing over the last one to two decades; against this background, the parallel rise in profit shares in a number of European countries seems to be at odds with expected economic behaviour.

Pages: 52 pages
Date: 1999-04
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Citations: View citations in EconPapers (9)

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