-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess … studies, however, the potential role of the exchange rate regime in affecting price convergence in Europe has been overlooked … convergence. To show this, we first model the (endogenous) choice of the exchange rate regime and, in a second stage, estimate a B …

assess the effectiveness of the convergence criteria by examining location specific advantages that guide multinational …. Specifically, our results suggest that economic convergence ensured by belonging to the common currency area helps double FDI flows …

ranges between 20.1 per cent and 36.8 per cent of the EU GDP, depending on the applied methodology. The national values of …

We study the response of real wages to the business cycle in eight major Eurozone countries before and during the Great …

estimates of the productivity premium of German firms exporting to the Euro-zone and beyond, controlling for unobserved time … invariant firm specific effects, and tests for self-selection of more productive firms into exporting beyond the Euro-zone. (3 … Euro-zone only is no longer much smaller that the premium of firms that export beyond the Euro-zone, too, and the premium …

them as regards the relationship between factor shares and speed of convergence. Using cross-country/time-series data, we … specify our growth regression without imposing cross-country homogeneity restrictions on the speed of convergence and short …-run parameters. Indeed, both theoretical models imply that the speed of convergence to the steady state differs across countries due …

long-run real income convergence and derive 67 comparable effect sizes. The precision-weighted estimate of beta convergence … is more consistent with endogenous self-reinforcing growth than with neoclassical convergence. Introducing a net … migration variable in a growth regression increases the estimate of beta convergence slightly. Studies that use panel models or …