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Insufficiently flexible labour markets combined with high welfare costs are often thought to be the main cause of unsatisfactory growth in Europe. This paper uses the OECD data on regulation of the product and labour market to confirm the difference in the extent of regulation between US and...
Persistent link: https://www.econbiz.de/10011494006
Monetary Union (EMU) of the EU - is still a "teenager". The crises revealed, that the legal basis of the institutional set …
Persistent link: https://www.econbiz.de/10011720515
This study examines the lack of convergence among EU countries from a structural perspective. We apply the tradable … all countries, non-tradables were less relevant for aggregate productivity. The low productivity growth in peripheral EU … the crisis relative to other EU countries. For most peripheral countries concerns about unfavourable sector structures …
Persistent link: https://www.econbiz.de/10011775650
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The economic performance of European countries was in general disappointing in the nineties. However, country difference increased, as it was that in some European countries economic growth and productivity accelerated or could match US rates. This paper uses a broad set of performance...
Persistent link: https://www.econbiz.de/10011494030
Die EU hat sich mit der Lissabon-Strategie bis 2010 ehrgeizige Ziele gesetzt. Die Union soll zum wettbewerbsfähigsten …-Ziele für die EU insgesamt muss man doch feststellten, dass aggregierte Vergleiche EU-USA nicht immer sinnvoll sind. Der … Durchschnitt der EU trügt in den meisten Fällen. Die EU ist sehr heterogen aus Ländern zusammengesetzt, von denen vor allem viele …
Persistent link: https://www.econbiz.de/10011494803
This paper analyses the main characteristics of the European Socio-Economic Model. We discuss how the model varies across countries within Europe, examine how the model has changed over time and compare the European model with the corresponding US model. While the differences with regard of...
Persistent link: https://www.econbiz.de/10011494845