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The following article deals with the basic Solow model of economic growth for the states of the EU-28 and empirically confirms its conclusions. Based on growth accounting, and by analyzing different determinants of the respective steady states of each country, we confirm the importance of...
Persistent link: https://www.econbiz.de/10014547104
Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...
Persistent link: https://www.econbiz.de/10010426362
In this work, we analyzed the export- biased productivity, wage growth and the ULCP in Turkey. Then, by using input- output methods , we could show that Turkey has an economy which is able to be a part of the Euro system and Euro is compatible under the export- biased productivity growth in...
Persistent link: https://www.econbiz.de/10010460202
This paper discusses the role of economic integration in a model of endogenous growth where the size of the firm and the interactions between growth and the (endogenous) structure of the market play a crucial role. I focus on the pure scale effects of integration and study explicitly their...
Persistent link: https://www.econbiz.de/10014084781
This paper deals with economic growth in Europe. The special emphasis is in key institutional factors that are commonly assumed to affect aggregate growth: functioning of labor markets, availability of labor and capital, and the size of government. For more explicit measures, we use the data on...
Persistent link: https://www.econbiz.de/10013098173
services, Foreign Direct Investment . net inflows, savings). Part four highlights the results of the research alongside other …, interacting in a complex manner (domestic credit, export of goods and services, Foreign Direct Investment . net inflows, saving … means of two catalytic factors: the dynamics of the domestic credit, respectively that of the savings, variables with a …
Persistent link: https://www.econbiz.de/10011979926
The paper's primary aim is to evaluate the influence of macroeconomic stability on transport companies' sustainable development in the eastern EU from 2008 to 2019. The first part discusses the theoretical problems. The empirical part includes the methodology, results of the research and...
Persistent link: https://www.econbiz.de/10013258513
Structural funds are the most intensively used policy instrument by the EuropeanUnion to promote economic growth in its member states and to speed up the process ofconvergence. This paper empirically explores the effectiveness of European Structural Fundsby means of a panel data analysis for 13...
Persistent link: https://www.econbiz.de/10011327526
This paper studies the determinants of economic growth and the role of the public budget in European Union (EU) member states in Central and Eastern Europe, that joined the European Union in 2004, with a balanced data set from 1996 until 2012. A special focus is set on the relationship between...
Persistent link: https://www.econbiz.de/10011504503
This paper empirically studies whether it pays off (in terms of economic growth) to fulfill the convergence criteria on the public budget and participation in the Euro-zone. The analysis is based on data of European economies with a special focus on twelve Euro-zone members and a control group...
Persistent link: https://www.econbiz.de/10011557773