This paper evaluates the implications for employment, productivity and wages of allowing for more flexibility in weekly … in productivity. In the work sharing scenario, the increase in employment (1.86%) comes at the expense of a lower … employment and generates a substantial increase in productivity (2.6%) by allowing firms to completely adapt to changing economic …

Although it is well known that Markov process theory, frequently applied in the literature on income convergence …

core topics studied in the growth econometric framework, namely, convergence, identification of growth determinants and …

The paper takes into account both the concerns of the EU, arguing that convergence is incomplete, and the demands from … accession countries, claiming that monetary integration is optimal. Indicators are developed which measure convergence and … benefits from monetary integration. The more serious problem is a lack of convergence which could imply serious risks during …