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The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10008514864
education for a post-transition economy (Slovenia). Second, we test the signal of HE institutions and above average study …
Persistent link: https://www.econbiz.de/10010990942
longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency …
Persistent link: https://www.econbiz.de/10005822655
are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies …
Persistent link: https://www.econbiz.de/10010627856
The transition to market in Slovenia created labor displacements that were on par or greater than that experienced in …
Persistent link: https://www.econbiz.de/10005566439
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10008632737
This paper focuses on the euro area wage structure and its potential determinants from a sectoral viewpoint. Merging information from the OECD Structural Analysis database with data from the EU Labour Force Survey, we construct a cross-country panel of 22 industries in 8 euro area countries for...
Persistent link: https://www.econbiz.de/10005703494
This paper substantially extends the limited available evidence on existence and extent of downward nominal wage rigidity in the European Union and the Euro Area. For this purpose we develop an econometric multi-country model based on Kahn’s (1997) histogram-location approach and apply it to...
Persistent link: https://www.econbiz.de/10005822909
disparities, in particular within the Eurozone where there is no exchange-rate mechanism available to play this role. We shed some … be absorbed by migration within a year. However, in the Eurozone the reaction mainly stems from migration of third …-country nationals. Even within the group of Eurozone nationals, a significant part of the free mobility stems from immigrants from third …
Persistent link: https://www.econbiz.de/10010884205
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong …
Persistent link: https://www.econbiz.de/10010884247