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Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10003844342
Persistent link: https://www.econbiz.de/10000978320
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012758159
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10012464168
This paper investigates whether or not the adoption of the Euro has facilitated the introduction of structural reforms, defined as deregulation in the product markets and liberalization and deregulation in the labor markets. After reviewing the theoretical arguments that may link the adoption of...
Persistent link: https://www.econbiz.de/10014212825
Persistent link: https://www.econbiz.de/10013439504
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10010206356
The article discusses the economic growth models in post-Communist countries of European Union and Eastern Partnership … the unfortunate fact that the national innovation systems in these countries are weakly developed. Economic growth types … importance in making a quantitative assessment of the differences between the economic growth indicators. The economic growth …
Persistent link: https://www.econbiz.de/10012910780
convergence methodology developed by Phillips and Sul (2007) is employed in a production function growth accounting approach and … data from the Total Economy Database and the Total Economy Growth Accounting Database. The empirical findings suggest that … the EU countries form two distinct convergent clubs exhibiting considerable heterogeneity in the underlying growth factors …
Persistent link: https://www.econbiz.de/10012756684
Since the information and communications technology revolution, productivity growth in Southern European countries has … been substantially lower than in developed European countries. I document that Spanish firms have lower productivity growth …, lower intangible capital growth, and lower leverage than German firms. The disparity is larger among smaller firms. I build …
Persistent link: https://www.econbiz.de/10013220301