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Structural reforms in labour and product markets are required in a number of euro-area countries. A question in this … regard, which is the topic of this paper, is whether belonging to the euro area tends to help or hinder structural reform … the decade since 1993 between euro-area countries and other OECD countries. Overall, euro-area countries appear to have …
Persistent link: https://www.econbiz.de/10005045886
This paper provides an in depth analysis of Russia’s recent growth, with a view to understanding the prospects for its continuation. It examines in detail the main drivers of growth, as well as the main developments and policies that have been underlying it. A key finding is that the role of...
Persistent link: https://www.econbiz.de/10005049019
In recent years economists have come to see rich natural resource endowments as a ?curse? or ?precious bane? that inevitably undermines development and slows economic growth. Resource-based development undeniably involves important risks. Nonetheless, the resource curse - if it exists - is at...
Persistent link: https://www.econbiz.de/10005045957
In recent years economists have come to see rich natural resource endowments as a ?curse? or ?precious bane? that inevitably undermines development and slows economic growth. Resource-based development undeniably involves important risks. Nonetheless, the resource curse - if it exists - is at...
Persistent link: https://www.econbiz.de/10012444649
This paper provides an in depth analysis of Russia’s recent growth, with a view to understanding the prospects for its continuation. It examines in detail the main drivers of growth, as well as the main developments and policies that have been underlying it. A key finding is that the role of...
Persistent link: https://www.econbiz.de/10012445229
Turkey is recovering from its most severe recession in several decades. The massive contraction in GDP is largely explained by the unprecedented collapse in foreign demand, which was aggravated in Turkey by negative confidence effects and structural problems with competitiveness prior to the...
Persistent link: https://www.econbiz.de/10012446874
During the first two years of monetary union, the euro's weakness surprised most market participants. Explanations … empirical analysis showing that terms-of-trade and saving/investment behaviour seem to have driven the euro exchange rate over … view that towards the end of 2000, the euro was significantly undervalued ...<BR><P>Pendant les deux premières années de l …
Persistent link: https://www.econbiz.de/10005045928
Turkey can achieve strong sustainable growth and job creation but further reforms in the labour market, education and product markets are required for such gains to materialise. In recent years, growth has been largely driven by the industrial catch-up of Anatolian regions, although the Marmara...
Persistent link: https://www.econbiz.de/10011276807
Austria enjoys strong material well-being and high quality of life. Steady convergence with top GDP per capita levels translated into decisive improvements in household disposable incomes while significant redistribution has ensured low income inequality and poverty. This has been combined with...
Persistent link: https://www.econbiz.de/10011276827
The constant market share analysis framework is used to decompose changes in Spain’s share of the global market for goods exports into competitiveness and structural effects (i.e. the impact of specialisation, either in product or geographical terms) over 1996-2013. As other high-income...
Persistent link: https://www.econbiz.de/10011276857