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Full-Text Articles in Social and Behavioral Sciences
Regional Unemployment And Productivity In Europe, Luca De Benedictis, Roberto Basile
Regional Unemployment And Productivity In Europe, Luca De Benedictis, Roberto Basile
Luca De Benedictis
We analyse the relationship between regional unemployment and labour productivity in Europe, basing our empirical analysis on the predictions of a Neary-type General Oligopolistic Equilibrium trade model with efficiency-wages. Using semiparametric and dynamic panel data estimators and controlling for other factors, we give evidence of a nonlinear relationship between productivity and regional unemployment in Europe: with a level of productivity smaller than a certain threshold, this relationship is negative, while no relation occurs in the case of higher productivity regions. This evidence proves an important role of a wage-floor (induced by efficiency wages and exacerbated by institutional factors) under which …
Openness, Similarity In Export Composition, And Income Dynamics, Luca De Benedictis, Lucia Tajoli
Openness, Similarity In Export Composition, And Income Dynamics, Luca De Benedictis, Lucia Tajoli
Luca De Benedictis
A relevant share of the theoretical and empirical analysis on economic growth has been devoted to finding a specific role for international trade in reinforcing countries’ growth rates. Not as much attention has been dedicated to the role of sectoral composition of export in influencing the effect of trade on income convergence. In this paper we look at this issue along the line of research on multiple regimes and convergence clubs, considering how openness and similarity in export composition among countries can induce convergence in income levels among the same countries. We apply our analysis to the catching-up of income …