The impact of ICT capital accumulation and digitisation on labour demand and wage structures has changed in recent years, according to some of the literature on the subject. We analyse the impact of ICT capital accumulation based on recent data differentiating between the period before and after...

This paper analyses the impact of public pension expenditures and pension funds' assets as well as their benefits on economic volatility. To do so, we use panel data for 35 OECD countries for the period 1980-2018 and apply a set of state-of-the-art econometric estimators. Our results show weak...

This paper presents a dynamic model as a heuristic tool to discuss issues of changing industrial specialization which arise in the context of catching-up processes of (technologically) less advanced economies and the impact which various scenarios of such catching-up processes might have on the...

Although there exists a vast literature on convergence and divergence issue at the aggregate level, there is only little work on convergence and/or divergence processes of productivity and wage levels at the more disaggregated industrial level. These are especially important in the context of...

Although there exists a vast literature on convergence and divergence of income levels across countries or regions at the aggregate level, there is only little work on convergence and / or divergence processes of productivity and wage levels at the more disaggregated industrial level. These are...

The issue of the impact of trade on economic performance and labour markets has been intensively discussed in the recent literature on trade liberalization and globalization where the debate was mainly about identifying the relative impact of trade and technology. The bulk of the existing...

The paper analyses the effects of international fragmentation in terms of intermediate goods trade on the dynamics of skill-specific real wage bills in manufacturing of three Central and East European countries (Hungary, Poland, the Czech Republic). Both intermediate goods exports and imports of...

This paper uses data on consumption expenditure and price levels from the European Comparison Project (ECP) 1996 for the analysis of demand structures in a cross-section of 52 countries. The paper describes the patterns of consumption expenditures, price levels and relative prices for four...

Casual evidence suggests that emerging and developing countries are often gaining market shares in world exports in technology-intensive sectors in the course of development. On the other hand textbook trade theory would suggest that these countries specialize in lower-tech industries. The...