Technology Choice, Financial Sector and Economic Integration Under the Presence of Efficiency Wages

Impact of economic integration on unemployment is studied in a general equilibrium model in which unemployment is a result of the existence of efficiency wages. Banks provide capital to manufacturing firms and engage in oligopolistic competition. Manufacturing firms choose technologies and also enga...

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Veröffentlicht in:	Open economies review 2020-02, Vol.31 (1), p.95-112
Hauptverfasser:	Wen, Lei, Zhou, Haiwen
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital Development Economics Economic conditions Economic integration Economic models Economic Policy Economics Economics and Finance Equilibrium European Integration Financial services International Economics Macroeconomics/Monetary Economics//Financial Economics Manufacturing Research Article Technology Unemployment Wage rates Wages & salaries
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