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Unemployment in the European Union: Institutions, prices, and growth

Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2004

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the interplay between these adjustment processes and the...

Persistent link: https://www.econbiz.de/10010276423

Employment growth, inflation and output growth: Was Phillips right? Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … causality tests. The empirical results strongly support the existence of a single cointegrating relationship between employment … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …

Persistent link: https://www.econbiz.de/10010277380

Effects of corporate tax reforms on SMEs' investment decisions under the particular consideration of inflation

Nam, Chang Woon; Radulescu, Doina Maria - 2005

Corporate tax reforms carried out in EU countries since 1980 entail lower statutory tax rates and reductions in generous tax depreciation provisions. Several countries including the UK have reduced tax rates for SMEs. This study compares incentive effects of such reforms on the SMEs? investment...

Persistent link: https://www.econbiz.de/10010261282

An Account of Geographic Concentration Patterns in Europe

Brülhart, Marius; Traeger, Rolf - 2003

Using entropy indices and associated bootstrap tests, we describe the distribution of economic sectors across Western European regions over the 1975-2000 period. We decompose geographic concentration into its within-country and between-country components. In addition, we estimate...

Persistent link: https://www.econbiz.de/10010295328

Spatial dependence of regional unemployment in the European Union

Niebuhr, Annekatrin - 2002

The findings of recent studies on adjustment processes suggest that regional labour markets in the EU and the US differ significantly. Low wage flexibility and limited labour mobility in European countries involve persistent unemployment differentials across regions. However, the spatial...

Persistent link: https://www.econbiz.de/10010295334

Market Access and Regional Disparities: New Economic Geography in Europe

Niebuhr, Annekatrin - 2004

New Economic Geography (NEG) has reached a theoretical consolidation while related empirical tests are still scarce. The present paper aims at providing some evidence on the validity of forces emphasised by NEG. The analysis starts from the nominal wage equation derived from the Krugman...

Persistent link: https://www.econbiz.de/10010295401

Enlargement and the EU Periphery: The Impact of Changing Market Potential

Crozet, Matthieu; Brülhart, Marius; Koenig, Pamina - 2004

regions. Predicted market-access induced gains in regional GDP and manufacturing employment are up to seven times larger in …

Persistent link: https://www.econbiz.de/10010295402

The Impact of EU Enlargement on European Border Regions

Niebuhr, Annekatrin - 2005

EU enlargement is supposed to entail profound impact on the location of economic activities in Europe. Although there is concern about the implications of enlargement for regional disparities in the EU, corresponding empirical results are still rare. The objective of this analysis is to provide...

Persistent link: https://www.econbiz.de/10010295459

Regional Integration and International Trade in the Context of EU Eastward Enlargement

Paas, Tiiu - 2003

The paper aims to explore international trade flows of the countries involved in the EU eastward enlargement processes – the current EU members (EU15) and the candidate countries (CC12). The empirical results of the study allow us to conclude that the behaviour of bilateral trade flows within...

Persistent link: https://www.econbiz.de/10010295475

Price dividend models, expectations formation, and monetary policy

Valckx, Nico - 2003

This paper applies the Campbell-Shiller (1988) methodology to estimate a price dividend model with volatility and inflation risk, extending existing models in this field. The model fits the data well over the period 1979-2002 for the Euro Area, but less so for the U.S. The latter is interpreted...

Persistent link: https://www.econbiz.de/10010295476