Keil, Sascha; Paternesi Meloni, Walter - 2024
-led model of cumulative causation to 10 major countries belonging the Euro area, a region characterized by divergent wage growth … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential … due to the Verdoorn effect of wage-induced demand. Overall, our results affirm the significance of price-induced and …