Both common macroeconomic shocks and country-specific developments have subjected the flexibility of wage setting mechanisms in the euro area to a stress test in recent years. Against this background, this paper takes a fresh look at wage flexibility in EMU and attempts to draw a few lessons...

This paper seeks to understand labour share dynamics in Europe over the medium run. After documenting basic empirical regularities, we quantify the contribution of shifts in the sectoral and the employment composition of the economy to labour share movements. The findings from the shift-share...

This paper provides an analysis of the labour market adjustment to the 2008-2009 recession in terms of employment, unemployment, hours worked and wages. It highlights differences in the response of employment and unemployment across countries and different socioeconomic groups. For all EU Member...

The paper analyses the factors that affect smallholder farmers choice of soil fertility management options in Malawi using a two-stage maximum likelihood estimation procedure. Using results from the Double-Hurdle model, the paper estimates the probabilities and intensities of fertilizer...

Since 1986, Tanzania, like many other countries, has experienced a remarkable political and economic transition. Formerly a one-party state with a planned economy, the country is now multiparty democracy with a market-oriented economy and has undergone a series of economic reforms, including...

"This paper draws together findings from different elements of a research project examining critical components of pro-poor agricultural growth and of policies that can promote such growth in poor rural economies in South Asia and Sub-Saharan Africa. Agricultural growth, a critical driver in...

"Zambia is one of the poorest countries in Sub-Saharan Africa. Almost three-quarters of the population were considered poor at the start of the 1990s, with a vast majority of these people concentrated in rural and remote areas. This extreme poverty arose in spite of Zambia's seemingly promising...

The development of effective and sustainable economic policies for Tanzania requires access to appropriate databases. One such database is a social accounting matrix (SAM) that details the structure of the entire economy, taking into account the patterns of production and demand, and various...

The paper compares the effects of productivity growth in agriculture in a standard CGE model and an adjusted CGE model with special features in order to replicate partial equilibrium behavior of traded agricultural sectors within a general equilibrium framework. The fixed-price, partial...

The last few years have seen a proliferation of attempts by various institutions to create a framework that would enable analysts to have a broad overview of all transactions in the Malawian economy. It was decided that 1998, the most recent year for which a comprehensive data set is available,...