Bande Ramudo, Roberto; Karanassou, Marika; Sala, Hector - 2017
turn, the high income (low employment) ones are more sensitive to the wage-productivity gap, and thus to the strategy that … such groups of regions react differently to key drivers of employment and wage setting. We find that the low income (high … fostering capital accumulation and labour productivity (which, in turn, reduces the ULC), regionally-targeted soft credit lines …