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Human Capital Management White Papers

Labour Market Reforms and Economic Growth: The European Experience in the Nineties

Overview Inflexible labour markets combined with high welfare costs are often thought to be the main cause of low growth in Europe. This paper uses OECD data to assess the relative impact of regulation on differences in economic performance across countries since 1990. The impact of regulation is compared first to that of macroeconomic policies such as fiscal policy, monetary policy and macroeconomic cost management. Secondly it is compared to that of policies boosting investment into long run growth, such as research, education and the diffusion of technology.

Further White Paper Details
Publisher	Austrian Institute of Economic Research	File Format	PDF
Date Published	September 2004
Format	White Papers
Topics	Human Capital Management

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