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Real Unit Labour Costs in Eurozone Countries : Drivers and Clusters

Ordóñez Monfort, Javier - 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...

Persistent link: https://www.econbiz.de/10013051805

Economic Growth and Political Integration : Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method

Campos, Nauro F. - 2014

This paper presents new estimates of the economic benefits from economic and political integration. Using the synthetic counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the European Union (EU) in the 1973, 1980s, 1995...

Persistent link: https://www.econbiz.de/10013054567

Norwegian Rhapsody? The Political Economy Benefits of Regional Integration

Campos, Nauro F. - 2015

This paper investigates whether joint economic and political integration leads to larger economic benefits than just economic integration. The identification strategy rests on the fact that Norway, at the time of the 1995 Enlargement of the European Union (EU), had successfully completed...

Persistent link: https://www.econbiz.de/10013016399

Beyond EU-US Trade Dynamics : TTIP Effects Related to Foreign Direct Investment and Innovation

Jungmittag, Andre - 2017

The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although the EU and the US are leading FDI host countries and...

Persistent link: https://www.econbiz.de/10012948641

An Empirical Growth Model for Major Oil Exporters

Esfahani, Hadi Salehi - 2012

This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...

Persistent link: https://www.econbiz.de/10013107701

An Empirical Study of the Relationships Between CO2 Emissions, Economic Growth and Openness

Choi, Eunho - 2014

This paper investigates the existence of the environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its causal relationships with economic growth and openness by using time series data (1971-2006) from China (an emerging market), Korea (a newly industrialized country), and...

Persistent link: https://www.econbiz.de/10013069032

Oil Exports and the Iranian Economy

Esfahani, Hadi Salehi - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...

Persistent link: https://www.econbiz.de/10013154980

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country …-specific macro factors and the part driven by spillovers from financial variables. We consider cycles in macroeconomic aggregates … global macro factor plays a major role in explaining G-7 business cycles, but there are also spillovers from equity and house …

Persistent link: https://www.econbiz.de/10012840446

From the Shortage of Jobs to the Shortage of SkilledWorkers: Labor Markets in the EU New Member States

Rutkowski, Jan - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

Labor markets in the transition economies of Central and Eastern Europe underwent adramatic transformation. Notably, this transformation took place within just a few years. Untilthe mid-2000s job opportunities were scarce and unemployment was high. But since thenlabor demand has picked up and...

Persistent link: https://www.econbiz.de/10005861190

The French Unhappiness Puzzle : The Cultural Dimension of Happiness

Senik, Claudia - 2011

This article sheds light on the important differences in self-declared happiness across countries of equivalent affluence. It hinges on the different happiness statements of natives and immigrants in a set of European countries to disentangle the influence of objective circumstances versus...

Persistent link: https://www.econbiz.de/10013117611

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