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In the present paper it will be shown with a panel data econometric model that trade unions have a negative impact on Government Debt to GDP. The reason is based on the findings of (Palokangas, 1996; 2000; 2004; 2005); (Grieben and Şener, 2008); (Georgiou, 2010) who assert that unionism promotes economic...
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In the present paper an attempt will be made to show that in the banking sector wage rigidity increases as consumer inflation decreases. The immediate consequence is that banks cannot offer more competitive prices without shrinking profits. Hence, countries with strict labour laws hinder baking...
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In this paper it will be attempted to show econometrically that electronic commerce (e-commerce) has a positive impact on economic growth at country level, since e-commerce promotes sales (and thus consumption), that in turn improves company performance, thus causing ultimately economic growth....
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In this paper a distinction will be made between manager and owner and it will be attempted to estimate numerically the country’s total economy’s entrepreneurial remuneration by a common measure across countries and show econometrically the positive impact of total economy’s...
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productivity (TFP) growth in a sample of 30 European economies for the period 1994-2005. In most of Western Europe, we find a … deceleration of TFP growth since 2000. However, the economies of New Europe exhibit a higher level of TFP growth overall and have … slowed less than those of Old Europe. In the new market economies of Central and Eastern Europe, we find both high TFP growth …
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