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The study is based on the critical observations that competitive market forces alone are not able to assure convergence with the developed countries. These observations are grounded on the results of the computation of the marginal rate of return to capital (which contradict the neoclassical...
Persistent link: https://www.econbiz.de/10010529091
divergence and polarization. For this purpose, special tools and mechanisms are required; e.g., cohesion. The study deals with …
Persistent link: https://www.econbiz.de/10010529092
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This paper develops a model of the U.S. housing market that explains much of the time series of rents and house prices since World War II. House prices depend on expectations of future rents. We show that rents are tied to regional income inequality, and therefore, house prices are determined by...
Persistent link: https://www.econbiz.de/10012216649
The growing divergence in U.S. employee relations is described through a review of national and state-level changes to … described. An analysis of changes to state employment policies since 2000 shows an increasing ideologically driven divergence …. Instability and divergence are major features of the U.S. system of employee relations that require additional scrutiny. …
Persistent link: https://www.econbiz.de/10012161716
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The past decade has dramatically shaped the European economic landscape. After the global financial and economic crisis of 2008/09 hit the continent, the southern European periphery exemplified by Greece experienced a strongly diverging economic development. As capital inflows from the North...
Persistent link: https://www.econbiz.de/10012169115
inequality? And finally, we examine the convergence (or divergence) in terms of inequality. Analogous to the concept of (absolute …
Persistent link: https://www.econbiz.de/10011516928