Bugamelli, Matteo; Schivardi, Fabiano; Zizza, Roberta - 2009
We test whether and how the adoption of the euro, narrowly defined as the end of competitive devaluations, has affected … euro has been accompanied by a reallocation of activity within rather than across sectors. Since its adoption, productivity … the adoption of the euro. Restructuring has entailed a shift of business focus from production to upstream and downstream …