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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/10010291780
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 …
Persistent link: https://www.econbiz.de/10010276657