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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 the paper we analyze the convergence process of the West German Laender from 1970 to 1995 using descriptive tools as well as panel estimation methods. Although there have been some winners in this process, the main finding is that convergence was insufficient in the sense that no gains have...
Persistent link: https://www.econbiz.de/10013428207
In the paper we analyze the convergence process of the West German Laender from 1970 to 1995 using descriptive tools as well as panel estimation methods. Although there have been some winners in this process, the main finding is that convergence was insufficient in the sense that no gains have...
Persistent link: https://www.econbiz.de/10011442407
technologies. We show that Germany neither increased its investment into research and education, nor did it embrace ICT technology … dynamics of investment into research, education and information technology during the nineties were the slowest of all EU … countries, and according to a quantitative indicator of "total investment into the future" Germany ranked second to last …
Persistent link: https://www.econbiz.de/10009749614
Persistent link: https://www.econbiz.de/10002183321
We analyse Italy's growth pattern from 2001 to 2019 using the demand and growth regime categories proposed in the post-Keynesian tradition and recently adopted in the comparative political economy (CPE) literature. We argue that after the Global Financial and Economic Crisis (GFEC), Italy...
Persistent link: https://www.econbiz.de/10014516161
We analyse Italy's growth pattern from 2001 to 2019 using the demand and growth regime categories proposed in the post-Keynesian tradition and recently adopted in the comparative political economy (CPE) literature. We argue that Italy followed an export-led recovery strategy after the Global...
Persistent link: https://www.econbiz.de/10013535816
Persistent link: https://www.econbiz.de/10013436445
This paper uses a long time series of German employment data to test the theory of Ngai & Pissarides (2007). The theory suggests that the shift of employment shares from manufacturing to services is due to divergent growth rates of total factor productivity (TFP) in the two sectors. To test the...
Persistent link: https://www.econbiz.de/10010532079
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross-section but not over time) on a global level. We make a case for testing the Easterlin hypothesis at the country level where individual panel data allow exploiting important...
Persistent link: https://www.econbiz.de/10009747819