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The EU candidate and potential candidate countries have made considerable progress in economic transition and … euro area remain large. This suggests that the challenges of real convergence will remain relevant for the region even in … with the euro area average. Thus, in order to sustain the positive developments observed in the past, further improvements …
Persistent link: https://www.econbiz.de/10011641211
The EU candidate and potential candidate countries have made considerable progress in economic transition and … euro area remain large. This suggests that the challenges of real convergence will remain relevant for the region even in … with the euro area average. Thus, in order to sustain the positive developments observed in the past, further improvements …
Persistent link: https://www.econbiz.de/10011606238
Theoretical models of growth reveal that either exogenous or endogenous, technology is the main driving force behind the long-run economic growth. Furthermore, in the endogenous growth framework, diffusion of technology is the basic mechanism of per capita income convergence among countries....
Persistent link: https://www.econbiz.de/10010251655
We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10014067497
In the euro area, there is mixed evidence that the GDP per capita of lower-income economies has been catching up with …-convergence trap" long before the euro years. We also provide stylised facts on: (i) the central role of total factor productivity in … driving real convergence in the euro area over time, alongside other factors; and (ii) the crucial interaction of real …
Persistent link: https://www.econbiz.de/10011755500
After the Global Financial Crisis, productivity growth in many euro area countries fell behind non-euro EU and other … developed countries. While various explanations have been put forward, little has been said on the role of the euro in slowing … synthetic control method (SCM) to the productivity impact of the euro, have violated the similarity requirement of the donor …
Persistent link: https://www.econbiz.de/10014353605
pool of unemployed without creating upward risks to inflation. -- Growth ; EU neighborhood policy ; Trade ; FDI ; Financial …Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … from closer ties with the EU that result in higher levels of trade and FDI inflows, once the turbulence of the 'Arab Spring …
Persistent link: https://www.econbiz.de/10009528811
Despite significant economic reforms in many Southern Mediterranean EU neighbour countries, their growth performance … from closer ties with the EU that result in higher levels of trade and FDI inflows, once the turbulence of the ‘Arab Spring … inflation under control, which will depend in great part on their ability to maintain fiscal discipline and sustainable current …
Persistent link: https://www.econbiz.de/10013106480
EU economies between 2000 and 2016. The relevance of this topic stems both from the far-reaching implications of real …
Persistent link: https://www.econbiz.de/10011877426
the current unprecedented crisis on the euro area economy has given the debate new impetus. As a contribution to this … broad measure defined as the ratio between disposable and primary incomes – and EU structural and investment funds. It … for the role of the EU structural and investment funds over the medium term, based on the newly available – and richest so …
Persistent link: https://www.econbiz.de/10012319164