This study examines wage paths in the Finnish manufacturing using the Johansen method in estimations. The empirical results have the following implications. <p> i) Wage-wage links in the Finnish manufacturing industry have been tight. In a longer perspective, wages in the high-pay branches and...</p>

The Balassa-Samuelson (BS) model is evaluated in eight of the eleven EMU countries. This model suggests that productivity differentials between traded and non-traded goods sectors generate sectoral inflation differentials (dual inflation). Furthermore, differentials in the degree of dual...

This paper examines labour productivity levels and growth rates in 10 EMU economies: Germany, France, Belgium, Netherlands, Italy, Spain, Austria, Finland, Ireland and Portugal. In general, European economies still lag behind the United States in terms of productivity level. Available estimates...