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Real unit labour costs in Eurozone countries : drivers and clusters

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...

Persistent link: https://www.econbiz.de/10010369774

Euro, crisis and unemployment : youth patterns, youth policies?

Ghoshray, Atanu; Ordóñez, Javier; Sala, Hector - 2016

This paper examines the occurrence of structural breaks in European unemployment associated with major events experienced by the European economies at an institutional level: the creation of the European and Monetary Union (EMU) in 1999, and the Euro/financial crisis in 2008-2009, which was...

Persistent link: https://www.econbiz.de/10011476560

Institutional integration and productivity growth: evidence from the 1995 enlargement of the European Union

Campos, Nauro; Coricelli, Fabrizio; Franceschi, Emanuele - 2021

European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU …

Persistent link: https://www.econbiz.de/10012698068

The effect on foreign direct investment of membership in the European Union

Bruno, Randolph; Campos, Nauro; Estrin, Saul - 2020

This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the … gravity framework on annual bilateral FDI data for almost every country in the world, over 1985-2018, we find EU membership … leads FDI into the host economy to be about 60% higher for investment from outside the EU, and around 50% higher for intra-EU …

Persistent link: https://www.econbiz.de/10012288695

Close encounters of the European kind: economic integration, sectoral heterogeneity and structural reforms

Campos, Nauro; Eichenauer, Vera; Sturm, Jan-Egbert - 2020

This paper addresses two main questions: (a) Has European integration hindered the implementation of labour, financial and product market structural reforms? (b) Do the effects of these reforms vary more across sectors than across countries? Using more granular reform measures, longer time...

Persistent link: https://www.econbiz.de/10012291227

Financial crises and liberalization : progress or reversals?

Saka, Orkun; Campos, Nauro; De Grauwe, Paul; Ji, Yuemei; … - 2019

-crisis level of liberalization. In the EU sample, however, we do not find sufficient evidence to support these observations. …

Persistent link: https://www.econbiz.de/10012022690