This paper examines the determinants of equilibrium wage and unemployment rates in Belgium within the framework of a quantity rationing, right-to-manage model with decentralised wage setting. Empirical results are obtained by first using the Johansen maximum-likelihood procedure for the analysis...

L'objectif de cette étude est de contribuer à une meilleure compréhension des phénomènes responsables de la hausse et de la persistance du chômage, en particulier le contraste Wallonie-Flandre. Ce travail prolonge des travaux antérieurs en intégrant simultanément dans l'analyse la...

This paper reexamines the existence of a long-run relationship between wages and unemployment in the U.K., with data over the period 1860-1913 used by A.W. Phillips to derive the well-known Phillips Curve. Using Johansen's maximum likelihood method of testing for cointegration, a long-run...