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Human Capital Management White Papers

The Contribution of Labour Market Reforms, Macroeconomic Policy and Growth Drivers to Economic Growth

Overview In looking for the reason of low growth in Europe and for the growth differential towards the US, the main suspect usually is - and specifically was in the presentations of Karl Pichelmann and Jean-Philippe Cotis - the market inflexibility in Europe. Inflexible labour and product markets decrease employment and consequently economic growth. Higher utilization of labour would guarantee higher output. Labour utilization is understood as limited by regulations, high costs, high taxes, high welfare, and big government.

Further White Paper Details
Publisher	Austrian Institute of Economic Research	File Format	PDF
Date Published	September 2003
Format	White Papers
Topics	Human Capital Management

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