According to OCA theory, the creation of the EMU reinforces the role of wage flexibility as an adjustment instrument alternative to the exchange rate in order to mitigate the negative effects of asymmetric shocks. This paper uses the case of Spain as the frame of reference within the EMU - in...

This article analyses wage flexibility within the framework of a semiparametric panel data model by using a bi-dimensional nonparametric term in the wage regression. The results point to a high degree of wage rigidity in Spain. However, semiparametric estimation allows us to find an interaction...

The aim of this paper is to analyse some relevant aspects of regional disparities in the EU. The paper departs from standard analysis of convergence by tracking the evolution of the entire distribution, both by using nonparametric techniques and spatial econometric techniques. The main results...