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https://hdl.handle.net/10419/56538
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DC Field | Value | Language |
---|---|---|
dc.contributor.author | Naqvi, Nadeem | en |
dc.contributor.author | Schürg, Carolin V. | en |
dc.date.accessioned | 2011-11-10 | - |
dc.date.accessioned | 2012-04-04T13:55:13Z | - |
dc.date.available | 2012-04-04T13:55:13Z | - |
dc.date.issued | 2011 | - |
dc.identifier.uri | http://hdl.handle.net/10419/56538 | - |
dc.description.abstract | An economy's production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the efficiency-wage hypothesis holds, a country's PPF, though conceptually valid, is an operationally irrelevant concept, because the economy never operates on the PPF, which is a view that ought to be appreciated in light of persistent unemployment in the new structure of economies of the post-21st-Century-crisis world. | en |
dc.language.iso | eng | en |
dc.publisher | |aPhilipps-University Marburg, Faculty of Business Administration and Economics |cMarburg | en |
dc.relation.ispartofseries | |aMAGKS Joint Discussion Paper Series in Economics |x46-2011 | en |
dc.subject.jel | A20 | en |
dc.subject.jel | D50 | en |
dc.subject.jel | E23 | en |
dc.subject.jel | F11 | en |
dc.subject.jel | J23 | en |
dc.subject.jel | J31 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | general equilibrium | en |
dc.subject.keyword | production set | en |
dc.subject.keyword | production possibility frontier | en |
dc.subject.keyword | efficiency wage | en |
dc.subject.keyword | economic policy | en |
dc.subject.keyword | labor market | en |
dc.subject.stw | Technische Effizienz | en |
dc.subject.stw | Allgemeines Gleichgewicht | en |
dc.subject.stw | Effizienzlohn | en |
dc.subject.stw | Arbeitslosigkeit | en |
dc.subject.stw | Wirtschaftspolitik | en |
dc.subject.stw | Theorie | en |
dc.title | Efficiency-wage hypothesis and the operational production pattern | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 671916483 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
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