The Effects of Employment Protection Legislation and Financial Market Imperfections on Investment : Evidence from a Firm-Level Panel of EU Countries
Exploiting information from a panel of European firms we study the joint effect of EPL and financial market imperfections on investment, capital-labour substitution, labour productivity and job reallocation. We find that EPL reduces investment per worker, capital per worker and value added per worke...
| Main Authors: | , , , |
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| Format: | Journal Article |
| Language: | EN |
| Published: |
2012
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| Online Access: | http://hdl.handle.net/10986/5206 |