We scrutinize the role of capital flows in competitiveness in a set of seven euroarea member countries (Estonia, Greece … focus is on Greece. The paper extends the seminal Balassa-Samuelson model to include international capital markets, placing … 2013 show evidence of the Balassa-Samuelson effect if Greece is excluded from the panel. For Greece, this in turn provides …

convergence and crisis with a specific focus on Greece. The paper extends the seminal Balassa-Samuelson model to include … productivity increases in Greece …

current account and budget deficit countries such as Greece are highly suitable to support long-term economic stability in …In den vergangenen Jahren haben einige Staaten der EWU, besonders Griechenland, Spanien und Portugal, hohe … nicht in Sicht. Insbesondere durch die Griechenland-Krise haben die Leistungsbilanzdefizite einen hohen Stellenwert auf der …