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Real unit labour costs in Eurozone countries : drivers and clusters
Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - In: IZA journal of European Labor Studies 4 (2015) 15, pp. 1-9
growth. …
Persistent link: https://www.econbiz.de/10011417168
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Real unit labour costs in Eurozone countries : drivers and clusters
Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014
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 through decomposition and cluster analyses. In the...
Persistent link: https://www.econbiz.de/10010369774
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Real Unit Labour Costs in Eurozone Countries : Drivers and Clusters
Ordóñez Monfort, Javier - 2014
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 through decomposition and cluster analyses. In...
Persistent link: https://www.econbiz.de/10013051805
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Europe's growth emergency
Darvas, Zsolt M.; Pisani-Ferry, Jean - 2011
The European Union growth agenda has become even more pressing because growth is needed to support public and private … countries and the US: a persistent drop in output level and a growth slowdown. This contrasts sharply with the experience of the … feedback loop between the crisis and growth, and without effective solutions to deal with the crisis, growth is unlikely to …
Persistent link: https://www.econbiz.de/10009564635
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Globalisation and the European Union : Which Countries are Best Placed to Cope?
Rae, Dave - 2007
Globalisation can be a threat or an opportunity, depending on a country’s trade mix and its economic and regulatory structure. This paper assesses which EU countries are most exposed to globalisation using, among other indicators, measures of revealed comparative advantage. It then looks at...
Persistent link: https://www.econbiz.de/10012445123
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Government Debt, Austerity and Strikes : A Panel Data Analysis for Europe
Georgiou, Miltiades N. - 2011
In the present paper an empirical analysis will point out that austerity measures due to high levels of government debt as a percentage of GDP have (among others) a positive impact on social unrest measured by the number of strikes. The empirical findings of the present paper support the view of...
Persistent link: https://www.econbiz.de/10013118234
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Bank Profitability in Times of High Government Debt and Austerity Measures : A Panel Data Analysis for Europe and the United States (2000–2007)
Georgiou, Miltiades N. - 2011
In the present paper an empirical analysis will point out that government debt as a percentage of GDP has a negative impact (among others) on banking profitability. This impact will be even worse when this debt as a percentage of GDP exceeds a certain critical level. The sample covers during the...
Persistent link: https://www.econbiz.de/10013118499
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The China Effect on the Productivity in the US and Other High-Income Countries
Lind, Daniel - 2021
, the growing use of intermediates imported from China has contributed to the productivity growth within the manufacturing … of intermediates to China have an independent, significant positive effect on the productivity growth in the high …
Persistent link: https://www.econbiz.de/10013314709
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The Benchmarking Practices of the Economically Freest Countries in Europe and the World
Rožāns, Edgars - 2016
In our increasingly globalized economy, global competitiveness of countries and means to measure it gain increasing significance. One of the ways to measure it is by comparing an extent of economic freedom that countries have, which as surveys show can also largely explain differences in living...
Persistent link: https://www.econbiz.de/10012980643
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The effect of income distribution and fiscal policy on growth, investment, and budget balance : the case of Europe
Obst, Thomas; Onaran, Özlem; Nikolaidi, Maria - 2017
This paper develops a multi-country post-Kaleckian demand-led growth model that incorporates the role of the government …
Persistent link: https://www.econbiz.de/10011924544