In this paper we investigate the productivity growth – inflation nexus in fifteen European countries over the period 1961–1999 using panel unit root and panel cointegration tests. Emphasis is placed on the distinction between long-run and short-run causality using recently developed tests...

Christopoulos D. K. and Tsionas E. G. (2007) Are regional incomes in the USA converging? A non-linear perspective, Regional Studies 41, 525-530. This article deviates from the current practice of regional convergence by allowing output convergence to follow a non-linear process. In this scenario...

Empirical evidence suggests that real exchange rates (RER) behave differently in developed and developing countries. We develop an overlapping generations two-sector exogenous growth model in which RER determination may depend on the country's capacity to borrow from international capital...

Purpose – Tests for the existence of a long-run relationship between real wages and employment, utilising annual data from 1961-1996 for a panel of 12 European Union countries. Design/methodology/approach – Applies modern time series techniques organised around panel unit root and panel...