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The accumulation of the human capital stock plays a key role to explain the macroeconomic performance across regions. However, despite the strong theoretical support for this claim, empirical evidence has been not very convincing, probably because of the low quality of the data. This paper...
Persistent link: https://www.econbiz.de/10003793935
This paper explores the long run relationship between public and private investment in the euro area in terms of … investment might have restricted private investment and GDP growth in the euro area. The results have strong implications for the … future direction of fiscal austerity programs to combat the euro area debt crisis. …
Persistent link: https://www.econbiz.de/10010252646
This paper investigates the role of institutions for labour market performance across European countries. As … transfer system and active labour market policies. As cointegration between employment, output and factor prices is detected … institutional database should be improved in order to arrive at more definite policy conclusions. -- EU employment ; labour market …
Persistent link: https://www.econbiz.de/10003085749