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einige schwache Anzeichen für ein gemeinsames Konjunkturmuster für Frankreich, die Niederlande, Österreich und Deutschland …To assess the synchronization of business cycles in Europe we extract the cyclical component of industrial production … clearly rejected for U.K. data whereas some weak evidence for a joint cyclical pattern is found for France, The Netherlands …
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The answer to competition from emerging countries with low wage costs must be very different according to the affected sector. We need to draw a distinction between manufacturing industry and services that can be relocated and other sectors: consumer services, retail, construction, most business...
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