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to performance. For the first time we employ a Hodrick-Prescott Filter, a methodology widely used in macroeconomics to …
Persistent link: https://www.econbiz.de/10010884735
We revisit Western Europe’s record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and...
Persistent link: https://www.econbiz.de/10010745276