Trends in productivity: the case of capital shortage
Gerard Kuper () and
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Simon Kuipers: Groningen University
No 200117, CCSO Working Papers from University of Groningen, CCSO Centre for Economic Research
Abstract This paper analyses the effect of rising wage rates and real interest rates on labour productivity and capital productivity in a situation of capital shortage. Furthermore, it shows the effect of rising wage rates and real interest rates on the capital intensity of the production process. This latter effect can not be determined unambiguously.
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Working Paper: Trends in productivity: the case of capital shortage (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:gro:rugccs:200117
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