Effective labor regulation and microeconomic flexibility

Microeconomic flexibility is at the core of economic growth in modern market economies because it facilitates the process of creative-destruction. The main reason why this process is not infinitely fast, is the presence of adjustment costs, some of them technological, others institutional. Chief amo...

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Bibliographic Details
Main Authors: Caballero, Ricardo J., Cowan, Kevin N., Engel, Eduardo M. R. A., Micco, Alejandro
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: Elsevier 2013
Online Access:http://hdl.handle.net/1721.1/82666
https://orcid.org/0000-0003-2760-451X