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Sizable prevailing real economic disparities among countries in a currency union potentially involve costs for those countries for which the aggregate policy stance is not appropriate. This paper contributes to the literature by testing for productivity convergence among euro area countries....
Persistent link: https://www.econbiz.de/10011605476
is found on immediate technology transfer. Another result is a significant effect of domestic innovation activity. There … results obtained provide some policy implications and make the case for taking into account domestic innovation activity while …
Persistent link: https://www.econbiz.de/10011604532