Unions,innovation and investment: Australian evidence |
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| Authors: | Robert Drago Mark Wooden |
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| Affiliation: | 1. Department of Economics , University of Wisconsin-Milwaukee , USA;2. National Institute of Labour Studies Flinders university of South Australia , GPO Box 2100, Adelaide , 5001 , Australia |
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| Abstract: | Machin and Wadhwani have produced evidence indicating that trade unions encourage investment in the UK. This paper uses comparable data to ascertain whether their finding holds with respect to Australia. In general, and contrary to the UK study, the net effect of unions on investment in Australia is found to be negative. Nevertheless, investment levels at workplaces where unions were active were above the levels at non-union workplaces, offering support for the union-voice hypothesis which Machin and Wadhwani use to explain their results. |
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