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When union’s activity matters: the impact of union centralization on economic growth in OECD countries

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  • Phu Nguyen-Van
  • Isabelle Terraz

Abstract

It is nowadays accepted that labour market institutions matter in economic development. However, empirical studies on unions’ effect are not univocal. We provide new insight into the impact of unions on the long-run performance of industrialized economies using an indicator of union centralization. Relying on a recent panel dataset of OECD countries, we estimate a growth equation and show that a high degree of union centralization can be harmful to growth. This effect is not driven by economic channels (such as private investment, human capital and research and development) but appears to be related to a direct effect of unions on the growth process.

Suggested Citation

  • Phu Nguyen-Van & Isabelle Terraz, 2021. "When union’s activity matters: the impact of union centralization on economic growth in OECD countries," Applied Economics, Taylor & Francis Journals, vol. 53(21), pages 2433-2446, May.
    • Handle: RePEc:taf:applec:v:53:y:2021:i:21:p:2433-2446
    DOI: 10.1080/00036846.2020.1861207
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    Cited by:

    1. Colin Davis & Ken-ichi Hashimoto & Ken Tabata, 2021. "Unionization, Industry Concentration, and Economic Growth," ISER Discussion Paper 1154, Institute of Social and Economic Research, Osaka University.

    More about this item

    JEL classification:

    • J51 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Trade Unions: Objectives, Structure, and Effects
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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