Abstract This paper analyses the effect of rising wage rates and real interest rates on labour productivity and capital productivity in a situation of capital shortage. Furthermore, it shows the effect of rising wage rates and real interest rates on the capital intensity of the production process. This latter effect can not be determined unambiguously.

Kuipers, Simon

Kuper, Gerard H.

English

Research Papers in Economics

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Trends in productivity: the case of capital shortage

Trends in productivity: the case of capital shortage

Abstract

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Research Papers in Economics