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From the introduction of the euro up to the 2008 global financial crisis, macroeconomic imbalances widened among Member States. This divergence took the form of strong differences in the dynamics of unit labour costs. This paper asks why this happened. Is it the result of distortionary public...
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, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014581460
, exports, and labour productivity, have lost prominence in explaining economic dynamics. We argue that, in the absence of … counterbalancing mechanisms, the combination of price-sensitive exports and the triggering effect of exports on productivity can enable … productivity growth - exacerbates macroeconomic disparities in terms of labour productivity. While nominal wages act as a potential …
Persistent link: https://www.econbiz.de/10014541537
This paper computes sectoral contributions to real labour productivity growth in Malta during the two decades since … 2000. The aim is to give an account of the sectoral developments affecting Malta's productivity growth in the twenty years … technique developed by Tang and Wang (2004), which allows for the decomposition of sectoral productivity growth into efficiency …
Persistent link: https://www.econbiz.de/10012601037
This thesis combines five chapters, all of which have been motivated by the exciting and intense policy discussions that have been dominating the political and economic landscape in recent years. It covers European bank regulation and its effects on financial stability and economic welfare, the...
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