Perman, R. and Tavera, C. (2010) Une analyse de la convergence des ratios de sacrifice en Europe. Economies et Sociétés, 44 (5). pp. 891-907. ISSN 0013-0567Full text not available in this repository. (Request a copy from the Strathclyde author)
This paper assesses the degree of homogeneity of macroeconomic frameworks of European countries by testing the presence or absence of a mechanism for convergence of sacrifice ratios within different groups of European countries. For this, a two-step statistical procedure is used. The first step estimates the trajectory of the sacrifice ratios of seventeen European countries using rolling regressions. The second step then tests the presence of a trend to reduce the dispersion of the sacrifice ratios between these countries. The tests conclude in favor of the presence of a phenomenon of convergence of sacrifice ratios between the late '80s and the end of the sample within the two groups of countries: European countries characterized by decentralized wage bargaining and countries belonging to the core group identified by Bayoumi-Eichengreen. Other groups of European countries are by cons show a lack of convergence or divergence of sacrifice ratios.
|Keywords:||sacrifice ratios , macroeconomics, Regional economics. Space in economics, Economics, Econometrics and Finance(all), History, Social Sciences(all)|
|Subjects:||Social Sciences > Communities. Classes. Races > Regional economics. Space in economics|
|Department:||Strathclyde Business School > Economics|
|Depositing user:||Miss Jenna Wright|
|Date Deposited:||14 Oct 2010 09:39|
|Last modified:||29 Apr 2016 01:02|