Parente and Prescott's theory may work in practice but does not work in theory

Contributions to Macroeconomics

Volumn 3, Issue 1, 2003, Pages

  Cozzi, Guido ^a   Palacios, Luis Felipe ^b  

^a SAPIENZA UNIVERSITY OF ROME   (Italy)

^b NONE

Author keywords

Inefficiency; Institutions and Growth; Technological Change; Trade Unions

Indexed keywords

EID: 14944341466     PISSN: 15346005     EISSN: 15346005     Source Type: Journal    
DOI: 10.2202/1534-6005.1116     Document Type: Review

References (3)

1. Parente, Stephen L. and Prescott, Edward C. "Monopoly Rights: a Barrier to Riches", American Economic Review, 1999, 89: 1216-1233.
2. Pencavel, John H., Labor Markets under Trade Unionism, 1991, Blackwell, London.
3. Schmitz, James H., "What Determines Labor Productivity? Evidence from the Dramatic Recovery of the U.S. and Canadian Iron-Ore Industries", Federal Reserve of Minneapolis, Staff Report, 2003.