This article provides new insights into the cyclical behavior of consumer and producer real wages in the USA and Germany. We apply two methods for the estimation of the cyclical components from the data: the approach based on the structural time series models and the ARIMA-model-based approach...

On the last decades, European countries have increased their focus on local production systems as a matter of industrial policy measures. Based on the works related to industrial districts of Becatini (1989), Brusco (1990), Ybarra (1991 and 1996) and Dei Ottati (1994), or the later contributions...