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Persistent link: https://www.econbiz.de/10012214243
Persistent link: https://www.econbiz.de/10003338726
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10003793935
In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications...
Persistent link: https://www.econbiz.de/10003387127
predicting euro area inflation. Excess liquidity is measured as the difference between the actual money stock and its fundamental …
Persistent link: https://www.econbiz.de/10011374304
The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10009729665
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010246065
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010248168
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010252646
paper re-investigates the stability properties of M3 demandin the euro area in the light of the recent economic crisis. A …
Persistent link: https://www.econbiz.de/10011532681