inflation convergence using different approaches, namely panel unit root tests, cointegration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …

compatible under the export- biased productivity growth in Turkey though its relatively high inflation. That means Maastricht … inflation criterion should be revised in terms of countries' economic performance. …

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components-real wages, capital intensity, and technology-are uncovered … convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence factor, and call …