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...

Since the beginning of the 1990s, the issue of income convergence has received considerable attention in economic research. Although a vast number of empirical studies has emerged, evidence on the role of spatial interaction is still rather scarce. The present paper is an attempt to provide...

The paper explores the interaction between the proposed monetary union for ECOWAS and structural reforms of fiscal policy. The effects depend to a large extent on the degree of similarity of member countries. In a monetary union of similar countries, member states run a more distortive fiscal...

Das Papier untersucht die Arbeitsweise der Handelspolitik in der Europäischen Gemeinschaft, den Zusammenhang zwischen Binnen- und Außenmarktpolitik und weltwirtschaftliche Implikationen der EG-Handelspolitik auf verschiedenen Ebenen. Es wird gezeigt, dass die gemeinsame Handelspolitik...