Trends in productivity: the case of capital shortage

Gerard Kuper and Simon Kuipers
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Simon Kuipers: Groningen University

No 01C31, Research Report from University of Groningen, Research Institute SOM (Systems, Organisations and Management)

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.

Date: 2001
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Working Paper: Trends in productivity: the case of capital shortage (2001)
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