Picture of a black hole

Strathclyde Open Access research that creates ripples...

The Strathprints institutional repository is a digital archive of University of Strathclyde's Open Access research outputs. Strathprints provides access to thousands of research papers by University of Strathclyde researchers, including by Strathclyde physicists involved in observing gravitational waves and black hole mergers as part of the Laser Interferometer Gravitational-Wave Observatory (LIGO) - but also other internationally significant research from the Department of Physics. Discover why Strathclyde's physics research is making ripples...

Strathprints also exposes world leading research from the Faculties of Science, Engineering, Humanities & Social Sciences, and from the Strathclyde Business School.

Discover more...

Une analyse de la convergence des ratios de sacrifice en Europe.

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 0013-0567

Full text not available in this repository. (Request a copy from the Strathclyde author)

Abstract

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.