This paper examines structural changes in the Italian manufacturing sector, focusing on labour productivity in recent decades. To this end it distinguishes between trend and cyclical movements in the data using a multivariate unobserved components model. Changes in the relative importance of...

This paper examines structural changes in the Italian manufacturing sector, focusing on labour productivity in recent decades. To this end it distinguishes between trend and cyclical movements in the data using a multivariate unobserved components model. Changes in the relative importance of...

The aim of this paper is to test the stochastic convergence in real per capita GDP for 15 European countries using non-stationary panel data approaches over the period 1950-2003. Cross-sectional dependence is assumed due to the existence of strong linkages among European economies. However,...

The aim of this paper is to test the stochastic convergence in real per capita GDP for 15 European countries using non-stationary panel data approaches over the period 1950-2003. Cross-sectional dependence is assumed due to the existence of strong linkages among European economies. However,...