Wage moderation, innovation and labour productivity: myths and facts revisited (in Dutch)
Martin M.G. Fase () and
WO Research Memoranda (discontinued) from Netherlands Central Bank, Research Department
This article surveys arguments on the lack of innovative capacity of the Dutch economy as presented by Kleinknecht in several papers. The arguments are critically discussed and in addition an alternative way to calculate productivity figures is presented. The authors conclude that the hypothesis that wage moderation has led to lower innovative capacity of the Dutch economy is rejected.
Keywords: labour productivity; R&D; wage moderation (search for similar items in EconPapers)
JEL-codes: O33 O47 D24 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:dnb:wormem:635
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