Showing 1 - 4 of 4
In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional (NUTS-2) data. The Solow model extended by human capital is employed as a workhorse. Alternative strategies are proposed to control for spatial effects. All specifications...
Persistent link: https://www.econbiz.de/10003386580
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …
Persistent link: https://www.econbiz.de/10009427840
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand …
Persistent link: https://www.econbiz.de/10003746686
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/10010291780