The Relationship between Capital Stock, Unemployment and Wages in Nine EMU Countries

@article{Arestis2007TheRB,
  title={The Relationship between Capital Stock, Unemployment and Wages in Nine EMU Countries},
  author={P. Arestis and M. Baddeley and M. Sawyer},
  journal={Econometrics eJournal},
  year={2007}
}
The focus of this paper is to investigate the importance of the capital stock in the determination of wages and unemployment in a range of EMU countries and to compare the results across countries. A time-series analysis is conducted in the case of nine euro area countries, which were selected solely on the basis of data availability and consistency: Austria, Belgium, Finland, France, Germany, Italy, Ireland, the Netherlands and Spain. The paper begins with a short review of the literature on… Expand
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