Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - In: IZA journal of European Labor Studies 4 (2015) 15, pp. 1-9
We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong … progress was weak; it was through capital intensification that periphery economies gained efficiency and competitiveness …