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 through decomposition and cluster analyses. In the last three decades, the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) succeeded in reducing their RULCs by more than their northern partners. With the exception of Ireland, however, technological progress was weak; it was through capital intensification that periphery economies gained efficiency and competitiveness. Cluster heterogeneity, and lack of robustness in cluster composition, is a reflection of the difficulties in achieving real converg...
This paper deals with the narrowing the income gap between the Central and East European New Member ...
Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic f...
We investigate convergence in European price level, unit labor cost, income, and productivity data o...
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economi...
Altres ajuts: UJI/P1.1B2014-17Altres ajuts: PROMETEOII/2014/053We examine the trajectories of the re...
In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to t...
Littleisknownabouthowtheintroductionofacommoncurrencyandasingle monetary policy has affected the lab...
Twelve years ago, eleven European countries voluntarily abandoned their home currencies and joined t...
From the introduction of the Euro up to the 2008 global financial crisis, macroeconomic imbalances w...
A sustainable long-run pattern in the relative competitiveness of Euro area countries is a key facto...
Cluster analysis is used to explore the performance of key macroeconomic variables in European count...
Unit labor costs in some of the eurozone countries, calculated using aggregate data, increased signi...
A sustainable path of relative competitiveness among the EMU countries is a key factor for the survi...
A sustainable long-run pattern in the relative competitiveness of euro area countries is a key facto...
An increasing number of studies on the convergence attempted to answer the question whether the poor...
This paper deals with the narrowing the income gap between the Central and East European New Member ...
Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic f...
We investigate convergence in European price level, unit labor cost, income, and productivity data o...
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economi...
Altres ajuts: UJI/P1.1B2014-17Altres ajuts: PROMETEOII/2014/053We examine the trajectories of the re...
In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to t...
Littleisknownabouthowtheintroductionofacommoncurrencyandasingle monetary policy has affected the lab...
Twelve years ago, eleven European countries voluntarily abandoned their home currencies and joined t...
From the introduction of the Euro up to the 2008 global financial crisis, macroeconomic imbalances w...
A sustainable long-run pattern in the relative competitiveness of Euro area countries is a key facto...
Cluster analysis is used to explore the performance of key macroeconomic variables in European count...
Unit labor costs in some of the eurozone countries, calculated using aggregate data, increased signi...
A sustainable path of relative competitiveness among the EMU countries is a key factor for the survi...
A sustainable long-run pattern in the relative competitiveness of euro area countries is a key facto...
An increasing number of studies on the convergence attempted to answer the question whether the poor...
This paper deals with the narrowing the income gap between the Central and East European New Member ...
Empirical analysis of the real convergence between old (EU15) and new (EU8) economies is the basic f...
We investigate convergence in European price level, unit labor cost, income, and productivity data o...