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Autor:innen: 
Erscheinungsjahr: 
1999
Schriftenreihe/Nr.: 
IUI Working Paper No. 520
Verlag: 
The Research Institute of Industrial Economics (IUI), Stockholm
Zusammenfassung: 
This paper considers a small open economy with an input-output industrial structure that creates vertical linkages and multiple equilibria. An imperfect labor market is introduced by assuming unionized labor. It is shown that a deregulation of the labor market may trigger a large discontinuous expansion of industrial output, as reduced wage-costs start a circular, cumulative process in which expansions of the up-and downstream industries promote each other. Centralization of collective bargaining may, however, also be conductive to industrialization.
Schlagwörter: 
Vertical linkages
Multiple equilibria
Labor unions
JEL: 
F12
J50
O11
Dokumentart: 
Working Paper

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