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The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10003897541
Persistent link: https://www.econbiz.de/10008907306
model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export …
Persistent link: https://www.econbiz.de/10011300368
rate volatility on labor markets in the CEECs is analyzed, finding that volatility vis-à-vis the euro significantly lowers …
Persistent link: https://www.econbiz.de/10011509536