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DC Field | Value | Language |
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dc.contributor.author | Bresnahan, Brian W. | - |
dc.contributor.author | Naqvi, Nadeem | - |
dc.contributor.author | Schürg, Carolin | - |
dc.date.accessioned | 2021-02-16T08:21:43Z | - |
dc.date.available | 2021-02-16T08:21:43Z | - |
dc.date.issued | 2012 | - |
dc.identifier.citation | Bresnahan, B. W., Naqvi, N., & Schürg, C. (2012). Efficiency-wage hypothesis and the operational production pattern. International Journal of Finance, Insurance and Risk Management, 2(3), 244-250. | en_GB |
dc.identifier.uri | https://www.um.edu.mt/library/oar/handle/123456789/69295 | - |
dc.description.abstract | An economy’s production set is the collection of all net output vectors that the economy is capable of producing with a given technology and fixed quantities of primary factors of production. The boundary of this set is called the production possibility frontier or PPF. We show that, if the efficiency-wage hypothesis holds, a country’s PPF, though conceptually valid, is an operationally irrelevant concept, because the economy never operates on the PPF, which is a view that ought to be appreciated in light of persistent unemployment in the new structure of economies of the post-21st-Centurycrisis world. | en_GB |
dc.language.iso | en | en_GB |
dc.publisher | ISMASYSTEMS Scientific Research | en_GB |
dc.rights | info:eu-repo/semantics/openAccess | en_GB |
dc.subject | Equilibrium (Economics) | en_GB |
dc.subject | Industrial productivity centers | en_GB |
dc.subject | Efficiency wage theory | en_GB |
dc.subject | Economic policy -- Case studies | en_GB |
dc.subject | Labor market -- Case studies | en_GB |
dc.subject | Factors of production | en_GB |
dc.title | Efficiency-wage hypothesis and the operational production pattern | en_GB |
dc.type | article | en_GB |
dc.rights.holder | The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder | en_GB |
dc.description.reviewed | peer-reviewed | en_GB |
dc.identifier.doi | 10.35808/ijfirm/50 | - |
dc.publication.title | International Journal of Finance, Insurance and Risk Management | en_GB |
Appears in Collections: | Volume 2, Issue 3, 2012 |
Files in This Item:
File | Description | Size | Format | |
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Efficiency_wage_hypothesis_and_the_operational_production_pattern.pdf | 159.99 kB | Adobe PDF | View/Open |
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