The primary goal of the European Central Bank’s (ECB) monetary policy is to achieve price stability. Whereas during the 1980s and 1990s there was a rapid and strong convergence in terms of price differential among the Euro countries, particularly in those countries with higher inflation rates...

Regional Development Networks of private and public organisations is a contemporary phenomenon that is reshaping strategies of local development by introducing new agents and more dynamism and flexibility in the decision making process. This approach reflects new trends in corporate and business...

The extent to which workers are threatened by unemployment differs considerably e.g. across branches of industry, age education, and regions. Nonetheless, it is customary to levy obligatory contributions to unemployment insurance UI) regardless of a worker´s specific risk of becoming...

This paper analyzes the interdependence among Brazilian states associated with employment generation by the export sector. Using a unique database — an interstate input-output table for 1996 — employment multipliers are calculated for six different skill groups. Multiplier decomposition...

Techniques for the analysis of spatial data have advanced rapidly over the recent years, allowing new insights to be gained about the distribution and inter-connectedness of socio-demographic and economic outcomes across space. With the advancement of spatial econometrics a large empirical...

The future results from what we do today, but also what we leave undone , no matter for what reasons. Many of our decisions ? especially those which concern the more distant future ? have far reaching consequences. These decisions must now, and in the future, be made in a turbulent environment...

In this paper, we present an empirical study of per capita income convergence across German labour market regions during 1992 to 2002 using nonparametric techniques. We find clear evidence for convergence during the period we study, i.e. that regions that were poor in 1992 have increased their...