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Labor Productivity Convergence among Eurozone Member Countries

Author

Listed:
  • Araceli Ortega-Díaz

    (Universidad Iberoamericana, México)

  • Roberto J. Santillán-Salgado

    (Universidad Autónoma de Nuevo León, México)

Abstract

Este trabajo analiza la evolución de la productividad laboral entre los países miembros de la Eurozona entre 1999 y 2019, utilizando una estimación de panel dinámico. Los principales hallazgos indican que, desde la adopción de la moneda única en 1999, tanto la productividad por trabajador como la productividad por hora, siguieron rutas diferentes entre los países de la Eurozona. La convergencia entre los países fundadores se estancó después de 2008, probablemente como consecuencia de la Crisis Financiera Global (GFC). Pero en los países que se unieron a la Eurozona varios años después de su creación, la convergencia no se desaceleró; en efecto, hacia el final del periodo, la convergencia de la productividad laboral entre los nuevos entrantes no se desaceleró. Este trabajo se enfoca a la medición de la convergencia en la productividad laboral, y debe ser continuado con un diagnóstico de las causas probables de su estancamiento. En este sentido, abre una línea de investigación cuyos hallazgos aportarán al diseño de la política de integración internacional entre regiones.

Suggested Citation

  • Araceli Ortega-Díaz & Roberto J. Santillán-Salgado, 2024. "Labor Productivity Convergence among Eurozone Member Countries," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(2), pages 1-19, Abril - J.
  • Handle: RePEc:imx:journl:v:19:y:2024:i:2:a:2
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    File URL: https://www.remef.org.mx/index.php/remef/article/view/1018
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    More about this item

    Keywords

    Dynamic Panel Data; Labor Productivity; Convergence; Eurozone; R&D;
    All these keywords.

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • F66 - International Economics - - Economic Impacts of Globalization - - - Labor
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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