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We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are … achieving real convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence …
Persistent link: https://www.econbiz.de/10010369774
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components-real wages, capital intensity, and technology-are uncovered … convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence factor, and call …
Persistent link: https://www.econbiz.de/10011427761
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are … achieving real convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence …
Persistent link: https://www.econbiz.de/10010377355
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components-real wages, capital intensity, and technology-are uncovered … convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence factor, and call …
Persistent link: https://www.econbiz.de/10011417168
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components —real wages, capital intensity, and technology— are … achieving real convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence …
Persistent link: https://www.econbiz.de/10010784033
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … asymmetries in the convergence process of the RULCs and its components – real wages, capital intensity, and technology – are … achieving real convergence and, by extension, nominal convergence. We conclude by outlining technology as the key convergence …
Persistent link: https://www.econbiz.de/10013051805
Against the background of increasing competition and other significant structural changes implied by globalisation, maintaining and enhancing competitiveness has evolved into one of the prime concerns in most countries. Following up on previous work (see in particular ECB Occasional Papers No....
Persistent link: https://www.econbiz.de/10011606249
Against the background of increasing competition and other significant structural changes implied by globalisation, maintaining and enhancing competitiveness has evolved into one of the prime concerns in most countries. Following up on previous work (see in particular ECB Occasional Papers No....
Persistent link: https://www.econbiz.de/10013138911
The onset of the financial crisis in 2008 has highlighted the problems of diverging external imbalances within Economic and Monetary Union (EMU) and the role of persistent losses in competitiveness. This paper starts by investigating some of the competitiveness factors which contributed to...
Persistent link: https://www.econbiz.de/10013089688
The general acceleration of trade globalisation over the last decade - or a growing interdependence of economies via trade, production and financial market linkages - has engendered several macroeconomic implications for the euro area. This paper focuses on assessing the key impacts on the euro...
Persistent link: https://www.econbiz.de/10013157128