This paper uses a combination of VAR and bootstrapping techniques to analyze whether the exchange rates of some New Member States of the EU have been used as output stabilizers (those of the Czech Republic, Hungary and Poland), during 1993-2004. This question is important because it provides a...

In this article we study labour productivity convergence among regions using sectoral data. Instead of working with the sectors separately, as is common in the related literature, we present a joint analysis for all sectors. This kind of analysis requires to take into account the relative prices...