This collection of short essays proceeds from an international conference organized by DIIS on 9th November 2009, the day of the twentieth anniversary of the fall of the Berlin Wall. The volume centers on the political, social, and economic implications of the revolutions of 1989 on European...

This collection of short essays proceeds from an international conference organized by DIIS on 9th November 2009, the day of the twentieth anniversary of the fall of the Berlin Wall. The volume centers on the political, social, and economic implications of the revolutions of 1989 on European...

The euro area experienced a slowdown in output and Total Factor Productivity growth in the 1990s compared to the 1980s. We ask the following questions. Is the apparent slowdown in euro area output due to a lack of proper accounting for capital quality improvement? The answer is no. Did...

This paper investigates the link between health care expenditures and GDP for a sample of 21 OECD countries using recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that health care expenditures are not only determined by income....

The authors revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and...

The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However, the size of the estimated growth rate of total...