Abstract

BOUNDI CHRAKI, Fahd. Uneven Development and Intensified Labor in the Eurozone. Prob. Des [online]. 2018, vol.49, n.194, pp.143-167. ISSN 0301-7036.  https://doi.org/10.22201/iiec.20078951e.2018.194.62222.

The objective of this research is to furnish empirical evidence to support the hypothesis that uneven development in the Eurozone is explained by discrepancies in the amount of intensified labor with respect to mean social labor in the region. To do so, a dynamic panel data model was built, consisting of the top seven countries in the Eurozone and their respective manufacturing sectors in the time period 2000-2014. The Granger causality test indicates that intra-sectoral disparities in capital compensation are spurred by the relative levels of real unit labor costs, capital intensity, and the accumulation rate.

Keywords : Eurozone; intensified labor; uneven development; manufacturing sector; dynamic panel data.