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After presenting the institutional construction during the pre-accession and post-accession to the Economic and Monetary Union (EMU), the exchange rate mechanisms (ERM) in several countries and the convergence criteria, we go on with a brief analysis of the way the CEE countries cope with the...
Persistent link: https://www.econbiz.de/10010529098
This paper analyses the impact of productivity developments in the United States and the euro area on the euro-dollar exchange rate. The paper presents a new measure of relative average labour productivity (ALP), which does not suffer from the biases implicit in readily available relative ALP...
Persistent link: https://www.econbiz.de/10013319942
attention was given to the role of quality of human capital (QHC) as an important determinant of productivity growth. In this …
Persistent link: https://www.econbiz.de/10012232469
taking place since the 1990's, affects their GDP growth. Based on an augmented Solow model, I estimate a convergence equation …-run growth bonus from integration, which is robust to alternative specifications of the regression equation and of the variables …
Persistent link: https://www.econbiz.de/10011374066
manufacturing industries of France, Germany, UK and USA. We first disentangle the contribution to industry-level productivity growth … extent firm growth rates are shaped by relative productivity levels in deviation from industry average and by the over time … productivity-related determinant of relative growth rates. …
Persistent link: https://www.econbiz.de/10009766333
Structures" (GRW) on regional economic growth. The paper extends the existing literature by several aspects. First of all, using … the popular augmented Solow model by Mankiw et al. (1992) as starting point, we develop an enhanced growth model by … emanates a negative direct impact on regional economic growth, especially in sparely populated regions as well as in non …
Persistent link: https://www.econbiz.de/10011444217
step involves identifying the number and composition of clubs using a space-time panel data model for annual income growth … assess how changes in the initial endowments of variables (that explain growth) impact regional income levels over time … thresholds for example), and using cross-sectional growth regressions for estimation and interpretation purposes. …
Persistent link: https://www.econbiz.de/10011518150
); (Georgiou, 2010) who assert that unionism promotes economic growth thus causing ceteris paribus a decline in the share of …
Persistent link: https://www.econbiz.de/10013097555
some reverse technology transfer and foster growth at home. This paper addresses this issue by investigating the extent to … higher productivity growth, but this positive effect fades down with the number of investment projects carried out abroad. A … large and positive correlation emerge between the extent of R&D offshoring and the home region productivity growth …
Persistent link: https://www.econbiz.de/10013064572
In this scientific paper we have examined the presence of beta and sigma-convergence of productivity in the Central and East European NUTS 2 statistical regions of the European Union member states of Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania,...
Persistent link: https://www.econbiz.de/10012838431