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Data · dataset · 2023

Employment protection legislation and catching-up [Dataset]

Listed in IISH Dataverse

After World War II (WW II), productivity growth in Europe and Japan was driven by catching up with the US.

Description

Institutions in Europe were different too and well suited for economic growth through imitation and adaptation of the technology to local circumstances. Catching up is, however, a self defeating process.

It ends when the technology frontier is attained or when in case of conditional convergence institutions set a limit to the process of catching up. Once this situation is reached, the existing institutions may no longer be appropriate. Regression analysis on a panel of 21 Organization for Economic Cooperation and Development countries reveals that Employment Protection Legislations (EPL) had a positive impact on productivity growth in the period of rapid convergence in the sixties and seventies.

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However, from the eighties onwards, the total effect of EPL on labour productivity growth was negative.

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Where it is published

Catalogue records · 1

Topics

Stated by source
Business and Management
Provenance · 1 source records, 10 field assertions
SourceKeyLast seenRaw
IISH Dataversedoi:10.34894/TFVNS511 d agoJSON v1
FieldAssertionExtractorEvidence
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concepts[field].local:field:economics-financemapping · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0/subjects
concepts[field].local:field:social-sciencemapping · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0/subjects
created_datesource · datasets iisg amsterdamconnector:datasets_iisg_amsterdam@1.0.0
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