| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP422 |
| DP422 Flexibility, Investment and Growth | |
| Giuseppe Bertola | |
| 发表日期 | 1990-06-01 |
| 出版年 | 1990 |
| 语种 | 英语 |
| 摘要 | This paper proposes a model of endogenous growth with diversifiable uncertainty, irreversible investment decisions and imperfect labour mobility. Obstacles to labour reallocation lower the operating profits earned by existing firms and increase the cost of creating new ones, thus reducing investment, growth and welfare in decentralized equilibrium. The model's macroeconomic framework is appropriate for a study of labour contracts, of capital- and labour-market imperfections, and of industrial policy. |
| 主题 | International Macroeconomics |
| 关键词 | Efficient allocation Flexibility Growth Idiosyncratic shocks Job security |
| URL | https://cepr.org/publications/dp422 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529578 |
| 推荐引用方式 GB/T 7714 | Giuseppe Bertola. DP422 Flexibility, Investment and Growth. 1990. |
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