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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 …
Semiparametric Analysis Of The Specialization-Income Relationship, Luca De Benedictis
Semiparametric Analysis Of The Specialization-Income Relationship, Luca De Benedictis
Luca De Benedictis
In this article we investigate the empirical relationship between overall specialization and per capita income. The metric we use to measure overall specialization is the median of the sectoral distribution of the Balassa Index of Revealed Comparative Advantages applied to four-digit (SITC rev.2) sectoral export manufactured data for 39 countries over the period 1985 to 2001. Once we take into account countries' specificities using fixed effects GAM, the results of the semiparametric analysis indicate that sectoral diversification of manufactured exports increases monotonically with development, and thus the reconcentration observed at high levels of income in the recent literature may not …
Similarity In Trade Structures, Integration And Catching-Up, Luca De Benedictis, Lucia Tajoli
Similarity In Trade Structures, Integration And Catching-Up, Luca De Benedictis, Lucia Tajoli
Luca De Benedictis
In this paper, we look at the role of export composition in the growth process, considering how increased similarity in trade structure among countries can induce catching-up in income levels in a group of countries in transition. We analyze the sectoral export patterns of the Central and Eastern European countries (CEECs) by comparing them to those of the current members of the European Union (EU), focusing on countries’ specialization as suppliers for the EU market, and we assess whether similar export patterns foster the catching-up process of the CEECs. Our main result is that similarity in export composition has a …