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The Productivity Slowdown in Postwar Greece
Author(s) -
Mihail Dimitrios
Publication year - 1995
Publication title -
labour
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.403
H-Index - 34
eISSN - 1467-9914
pISSN - 1121-7081
DOI - 10.1111/j.1467-9914.1995.tb00250.x
Subject(s) - productivity , economics , slowdown , convergence (economics) , mainstream , labour economics , capital (architecture) , macroeconomics , political science , economic growth , geography , archaeology , law
. This article examines the two contrasting phases of labour productivity in postwar Greece. We present a model of trended labour productivity that synthesises mainstream technical factors, institutional arguments based on the social structure of accumulation framework, and Abramovitz's catch‐up hypothesis. The model is empirically estimated and the labour productivity growth is found to be sensitive to changes in capital intensity, proxies of power relations in the labour market, and a productivity convergence indicator.