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The European Union lags behind the United States both in rates of employment and real wages. This study analyzes the relationship between wages, productivity and human capital in 5 European Union countries: France, Germany, Italy, Spain and the United Kingdom, in comparison with the USA. Firstly...
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We analyse the evolution of Private Consumption on two special groups of expenditure: Health, and Education and Culture, having into account that there are some substitution effects between public and private expenditure on both groups. The comparison is made with data of real private...
Persistent link: https://www.econbiz.de/10005406686
During the period 1950-2002 Africa has experienced a lower degree of economic development than Asia, due to several circumstances, and particularly to the low educational levels of population in many African countries. In this article we present the estimation of some econometric models of...
Persistent link: https://www.econbiz.de/10004965319
We analyse the evolution of Manufacturing Value-Added per inhabitant in 20 Latin American and Caribbean countries during the period 1980-2002, and present a comparison with more industrialized countries. We find that very few Latin American countries have experienced an increase in that variable...
Persistent link: https://www.econbiz.de/10004965333
We analyse the relationships between employment, population and regional development in Europe with a cross section sample, for year 2000, of 151 regions belonging to the 25 countries of EU after Enlargement of year 2004. Regional disparities in EU are higher than in the US, while the rate of...
Persistent link: https://www.econbiz.de/10004965350
This articles emphasizes the important role of human capital, manufacturing and imports to increase real income per inhabitant and non-agrarian employment. Some researchers specialized in economic growth analyse the export-led growth in many countries and insist upon the importance of openness...
Persistent link: https://www.econbiz.de/10004965364
The main emphasis of labour policies in several EU countries seem to have been addressed during the period 1985-2005 to contain the increases of real wages, under the misleading belief that lower wages could lead the policies to get higher employment rates. We show that the main policies to...
Persistent link: https://www.econbiz.de/10005012216