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Trends in productivity: the case of capital shortage

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Author Info
Kuper, Gerard H.
Kuipers, Simon (Groningen University)

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Abstract

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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File URL: http://irs.ub.rug.nl/ppn/241247322
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Publisher Info
Paper provided by University of Groningen, CCSO Centre for Economic Research in its series CCSO Working Papers with number 200117.

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Date of creation: 2001
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Handle: RePEc:dgr:rugccs:200117

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