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Enumeration	Reference	Cover	Find
1.	Enflo, Kerstin (author) The Institutional Roots of Post-War European Economic Under-performance - A Regional Approach 2011 In: European Review of Economic History. - 1474-0044. ; 15:02, s. 329-355 Journal article (peer-reviewed)abstract Abstract in UndeterminedThis article investigates which institutions and policies were related to the increase in European unemployment since 1970 and the productivity stagnation since the mid 1990s. By using data for 88 regions in nine European countries, national policies and institutions are analysed in a fixed-effects panel-data model to detect their relative importance after controlling for unobservable regional factors. The main finding is that institutions only started to matter after the oil crisis. The strongest institutional effects on employment came from the net reservation wages and employment protection laws. The institutional effects on productivity were mainly channelled through the employment productivity trade-off. By restricting the supply of labour, these effects were positive on productivity in the short run. However, the article shows that the long-run effects were negative and that there may be institutional roots to the European productivity slow-down in the 1990s.

Enflo, Kerstin (author)
The Institutional Roots of Post-War European Economic Under-performance - A Regional Approach
2011
In: European Review of Economic History. - 1474-0044. ; 15:02, s. 329-355
Journal article (peer-reviewed)abstract
- Abstract in UndeterminedThis article investigates which institutions and policies were related to the increase in European unemployment since 1970 and the productivity stagnation since the mid 1990s. By using data for 88 regions in nine European countries, national policies and institutions are analysed in a fixed-effects panel-data model to detect their relative importance after controlling for unobservable regional factors. The main finding is that institutions only started to matter after the oil crisis. The strongest institutional effects on employment came from the net reservation wages and employment protection laws. The institutional effects on productivity were mainly channelled through the employment productivity trade-off. By restricting the supply of labour, these effects were positive on productivity in the short run. However, the article shows that the long-run effects were negative and that there may be institutional roots to the European productivity slow-down in the 1990s.

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