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After the Golden Age, Italy experienced increasing difficulties in adjusting its economy to the changing external context and to the requirements for sustaining catch-up growth at a higher level of economic development. The adjustment issue is common to advanced countries but the difficulties...
Persistent link: https://www.econbiz.de/10014159538
improved remarkably, driven by increases in labour productivity, which derived, in turn, from a more intense and efficient use …
Persistent link: https://www.econbiz.de/10012669512
Among the characteristics of Spanish financial crises over the last 165 years, we highlight their relatively high frequency and, since 1973, their severity (including 2008, the most severe crisis yet). By analysing monetary policy regimes, financial structure, and the main crisis determinants...
Persistent link: https://www.econbiz.de/10012669513
productivity; southern regions have further lagged behind the rest of the country, and income inequality is on the rise. Italy has …
Persistent link: https://www.econbiz.de/10010615439
This paper examines the role of competition in British productivity performance over the period from the late … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in … ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from …
Persistent link: https://www.econbiz.de/10010582576
This paper examines the role of competition in productivity perfromance in Britain over the period from the late … 1930s to the 1970s undermined productivity growth but since the 1970s stronger competition has been a key ingredient in … ending relative economic decline. The productivity implications of the retreat from competition resulted in large part from …
Persistent link: https://www.econbiz.de/10009024927
feature of the recent strong economic growth in the region has been a remarkable upturn in both labour productivity and total … factor productivity. The considerable gains in productive efficiency and rapid technological change were triggered by wide … large margin increases in real GDP per capita. In terms of average productivity and real per capita income levels relative …
Persistent link: https://www.econbiz.de/10005087077
in order to explain the different performances of the two economies. We conclude that Portugal’s labour productivity lag …
Persistent link: https://www.econbiz.de/10005021899
and stepped-up productivity. To this end, New Europe should enhance incentives for saving, introduce counter …
Persistent link: https://www.econbiz.de/10008497656
If, during the communism, Romania had an unusual position at the European level, after 1989 it had a different path, in comparison with other former communist states: the country had the harshest difficulties finding its European path, then it had the most important economic growth rate; in the...
Persistent link: https://www.econbiz.de/10010685592