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http://hdl.handle.net/10419/51426
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| Title: | | Institutional enforcement, labor-market rigidities, and economic performance  |
| Authors: | | Calderón, César Chong, Alberto León, Gianmarco |
| Issue Date: | | 2006 |
| Series/Report no.: | | Working paper // Inter-American Development Bank, Research Department 589 |
| Abstract: | | This paper compares non-enforceable and enforceable measures of labor rigidities as a measure of the quality of labor institutions, and tests whether such labor rigidities are conducive to long-run growth. We find that non-enforceable labor regulations do not have a bearing on economic growth, but enforceable labor regulations do. In fact, when using a GMM-IV method for a panel data of countries during the period 1970-2000 that accounts for weak endogeneity, we find that such a link is negative and statistically significant. It appears that excessive labor rigidities are thus negatively linked with long-run economic growth. |
| Subjects: | | Institutions Enforcement Labor Rigidities Growth GMM-IV |
| JEL: | | O10 E60 J08 O40 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Research Department Working Papers, Inter-American Development Bank
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