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Wage moderation, innovation and labour productivity: myths and facts revisited (in Dutch)

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Author Info

  • M.M.G. Fase
  • A.F. Tieman

Abstract

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.

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File URL: http://www.dnb.nl/binaries/wo0635_tcm46-145942.pdf
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Bibliographic Info

Paper provided by Netherlands Central Bank, Research Department in its series WO Research Memoranda (discontinued) with number 635.

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Date of creation: Jan 2000
Date of revision:
Handle: RePEc:dnb:wormem:635

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Web page: http://www.dnb.nl/en/
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Related research

Keywords: labour productivity; R&D; wage moderation;

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References

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  1. David T. Coe & Elhanan Helpman, 1993. "International R&D Spillovers," NBER Working Papers 4444, National Bureau of Economic Research, Inc.
  2. J. David Richardson, 2000. "The WTO and market-supportive regulation: a way forward on new competition, technological and labor issues," Review, Federal Reserve Bank of St. Louis, issue Jul, pages 115-130.
  3. Coe, David T & Helpman, Elhanan & Hoffmaister, Alexander W, 1997. "North-South R&D Spillovers," Economic Journal, Royal Economic Society, vol. 107(440), pages 134-49, January.
  4. Fagerberg, Jan & Verspagen, Bart, 1998. "Productivity, R&D Spillovers and Trade," Eindhoven Center for Innovation Studies (ECIS) working paper series 98.2, Eindhoven Center for Innovation Studies (ECIS).
  5. Fase, M. M. G. & Van Den Heuvel, P. J., 1988. "Productivity and growth : Verdoorn's law revisited," Economics Letters, Elsevier, vol. 28(2), pages 135-139.
  6. Kleinknecht, Alfred, 1998. "Is Labour Market Flexibility Harmful to Innovation?," Cambridge Journal of Economics, Oxford University Press, vol. 22(3), pages 387-96, May.
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Cited by:
  1. Peeters, Marga & Den Reijer, Ard, 2011. "On wage formation, wage flexibility and wage coordination : A focus on the wage impact of productivity in Germany, Greece, Ireland, Portugal, Spain and the United States," MPRA Paper 31102, University Library of Munich, Germany.

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