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This paper tests the convergence hypothesis across the EU NUTS II regions between 1990 and 2001. It does that using the … working-age person. The results show that there is convergence of output per capita and productivity, but not of output per … working-age person. This is due to the fact that the evolution of demography plays in favour of convergence while employment …
Persistent link: https://www.econbiz.de/10005021905
(starting in the 50s, at the outset of industrialization) of the convergence in productivity of the Portuguese economy towards … the most developed European countries. In an econometric equation of conditional convergence over the XXth century …, openness has a positive effect in growth potential, and the rate of convergence increases with the share of investment goods in …
Persistent link: https://www.econbiz.de/10005059508
After the publication of The General Theory of Employment, Interest and Money (hereafter, GT), an intense debate about its main preposition – that the long-run equilibrium of the economy is a position of involuntary unemployment – was established. The consensus view that emerged from it,...
Persistent link: https://www.econbiz.de/10005551006